Bruce Company experienced an accounting event that was recorded in the company's general journal as indicated below:Interest expensexxx Discount on Bonds Payable xxxCash xxxWhich of the following shows how this event affects the elements of the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt. ofCash FlowsA.?=?+NANA?NA=NA??IAB.?=++?NA?+=???OAC.?=++?NA?+=???IAD.?=NA+?NA?+=???OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
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