Which of the following is true of the Premium on Bonds Payable account?
A) It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
B) It is added to the Bonds Payable balance and shown with stockholders' equity on the balance sheet.
C) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
D) It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet.
Correct Answer:
Verified
Q106: On January 1,2017,Damron Services issued $20,000 of
Q107: On January 1,2017,Carter Sales issued $36,000 in
Q108: Hillsborough Glassware Company issues $1,061,000 of its
Q109: On January 1,2017,Toland Sales issued $26,000 in
Q110: The balance in the Bonds Payable account
Q112: On January 1,2017,Streuly Sales issued $28,000 in
Q113: Blandings Glassware Company issues $1,171,000 of 12%,10-year
Q114: The balance in the Bonds Payable account
Q115: On January 1,2017,Walker Sales issued $19,000 in
Q116: On January 1,2017,Killion Sales issued $25,000 in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents