Bonds payable should be reported as a long-term liability in the balance sheet at:

Question

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Bonds payable should be reported as a long-term liability in the balance sheet at carrying value, which is the face value of the bonds less any unamortized discount or plus any unamortized premium. This reflects the amount of the bond that is still outstanding and owed to the bondholders. Reporting the bonds at face value (A) or current bond market price (B) can be misleading as it may not reflect the true economic value of the bonds. Reporting the bonds at face value less accrued interest since the last payment date (D) can also be misleading as it does not take into account any unamortized discount or premium.

Bonds Payable Should Be Reported as a Long-Term Liability in the Balance