Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the discount on bonds payable account is a.an asse

The Discount on Bonds Payable account is a.an asset account as it balances the accounting...

50.1K

Verified Solution

Question

Accounting

The Discount on Bonds Payable account is

a.an asset account as it balances the accounting equation.

b.a nonoperating expense account that is expensed in the year the bond is issued.

c.a valuation account that reduces the value of the bond to market value at the issue date.

d.a long-term liability account as it is part of long-term bonds.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Double angle identities Simplify the expression by using a double angle formula 2 cos 20...

Chemistry
1.2K views

Consider the titration of 39.2 mL of 0.260 M HF with 0.215 M NaOH. Calculate the...

Chemistry
1.2K views

Suppose a 480. mL flask is filled with 0.720 mol of N2 and 1.32 mol of...

Biology
1.2K views

regenerated for muscle metabolism lowing that are true regarding the ways in which ATP is...

Physics
1.2K views

A convex lens of focal length 15 cm is split into two halves and the...

Physics
1.2K views

In the circuit shown here the point C is kept connected to point A till...

Accounting
1.2K views

Which of the following statements about the equity growth rate is correct? I. The higher...

Accounting
1.2K views

Which one of the following t-statistics should have the smallest p-value? a) 3.69 b) -1.36...

Accounting
1.2K views

abc company uses a periodic inventory system. abc purchased $5000 of inventory on account. The...

Accounting
1.2K views

Cullumber Company issued $640,000,10-year, 4% bonds at 103 . (a) Prepare the journal entry to...

Accounting
1.2K views

Pure Water Products produces two types of water filters. One attaches to the faucet and...

Accounting
1.2K views

Golden Enterprises started the year with the following: Assets $106,000; Liabilities $36,000; Common Stock $66,000;...