Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is true of a premium on bon

Which of the following is true of a Premium on Bonds Payable account? a. It...

50.1K

Verified Solution

Question

Accounting

Which of the following is true of a 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.

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

Finance
1.2K views

Discuss, with examples, how the market interest rates affect the value of bonds.

Biology
1.2K views

Briefly outline the processes of mitochondrial fission and fusion; and how dysregulation or disruption of these...

Medical Sciences
1.2K views

What is the function associated with each of the following structures? Retina Fibrous tunic Choroid layer Suspensory ligament Optic nerve Lens Cornea

Physics
1.2K views

A point charge of -4 micro C is located at x = 1 m, y =...

General Management
1.2K views

after reading the book 'The Goal by Eliyahu M. Goldratt and Jeff Cox' Answer 3. What are the...

General Management
1.2K views

Define Forensic Accounting. Identify an organization that has been (or is currently being) assessed by a...

Finance
1.2K views

A seven-year, $10,000 promissory note, dated May 1, 2007, with interest at 12% compounded quarterly is...

Accounting
1.2K views

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December...

Biology
1.2K views

b Would you say your conflict resolution style has changed as you got older How...

Geometry
1.2K views

Question 24 Points 1 Which of the following equations represents the standard equation of a...

Accounting
1.2K views

Unallocated overheads are recognised as part of the units produced in the period in which...

Accounting
1.2K views

Each bundle produced requires (on average) 0.30 direct labor hours. The average cost of direct...