A bond payable is similar to which of the following?
A) Accounts receivable
B) Property, plant & equipment
C) Note payable
D) Note receivable

Question

Quizplus · Accepted Answer

A bond payable is a type of long-term debt that a company takes on. A note payable is also a type of debt, but it is typically shorter-term than a bond payable. Accounts receivable and property, plant & equipment are not related to bond payables. A note receivable is an asset that a company holds, as opposed to a liability like a bond payable.

A Bond Payable Is Similar to Which of the Following