Bonds payable and mortgage loans are both long-term debt instruments.
(a)How do bonds payable differ from notes payable?
(b)Define bonds payable. (Include in your definition several characteristics and types of bonds payable.)

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The Answer of Bonds payable and mortgage loans are both long-term debt instruments.
(a)How do bonds payable differ from notes payable?
(b)Define bonds payable. (Include in your definition several characteristics and types of bonds payable.)

Bonds Payable and Mortgage Loans Are Both Long-Term Debt Instruments