Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 4.00

long-term liability.

Sassy’s trial balance shows $200,000 face value of bonds with a discount balance of $2,000. The bonds mature in 10 years. How will the bonds be presented on the balance sheet?

a. Bonds payable $198,000 (net of $2,000 discount) will be listed as a long-term liability.

b. Bonds payable $200,000 will be listed as a long-term liability. A $2,000 discount on bonds payable will be listed as a contra current liability.

c. Bonds payable $200,000 will be listed as a long-term liability.

d. Bonds payable $200,000 will be listed as a long-term liability. A $2,000 discount on

 
 

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Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 11:09 PM My Price 4.00

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