Which of the following is TRUE of the Premium on Bonds Payable account? (The bonds are due in ten years.)

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.


A) It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet.

Business

You might also like to view...

What can be done to reduce resistance to change to a new HRIS?

What will be an ideal response?

Business

Specialty products are consumer products that

A. very few customers want or can afford to buy. B. consumers are willing to search for because they really want them. C. have elastic demand. D. are relatively expensive and purchased only rarely. E. All these answers are correct.

Business

Data from Dunshee Corporation's most recent balance sheet appear below: Year 2Year 1Current assets:      Cash$149? $119? Accounts receivable, net 308?  328? Inventory 147?  167? Prepaid expenses 29?  29? Total current assets$633? $643? Total current liabilities$306? $315? Sales on account in Year 2 amounted to $1645 and the cost of goods sold was $1015.The current ratio at the end of Year 2 is closest to:

A. 0.78 B. 2.07 C. 0.76 D. 1.13

Business

Answer the following statement(s) true (T) or false (F)

For-profit enterprises have yet to make significant contributions to the world of social entrepreneurship.

Business