A discount on bonds payable is best described as: Select one: O a. An element...
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Accounting
A discount on bonds payable is best described as: Select one: O a. An element of future interest expense. O b. A bonus paid by the bondholders to the issuing corporation because of the unusually high interest rate stated in the bonds. O c. The present value of the future interest payments of bond interest and principal d. An amount below par that the bondholders may be called upon to make good
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