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    Financial Accounting Study Set 1
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    Exam 10: Liabilities
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    The Discount on Bonds Payable Account Is Classified as A(n)
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The Discount on Bonds Payable Account Is Classified as A(n)

Question 130

Question 130

Multiple Choice

The Discount on Bonds Payable account is classified as a(n) :


A) asset.
B) contra-liability.
C) expense.
D) contra-asset.

Correct Answer:

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