Bonds Payable Should Be Reported as a Long-Term Liability in the Balance

Multiple Choice

Bonds payable should be reported as a long-term liability in the balance sheet of the issuer at:

A) Current market price.
B) Issue price, excluding any accrued interest at purchase date.
C) lower-of-cost-or-market.
D) Issue price plus any unamortized bond premium or less any unamortized discount.
E) Issue price less any unamortized bond premium or plus any unamortized discount.