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    Fundamentals of Financial Accounting
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    Exam 10: Reporting and Interpreting Liabilities
  5. Question
    The Discounts on Bonds Payable Account Is Classified as A(n)
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The Discounts on Bonds Payable Account Is Classified as A(n)

Question 53

Question 53

Multiple Choice

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


A) assets.
B) contra-liabilities.
C) expenses.
D) contra-assets.

Correct Answer:

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