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On 31 December 2016,Clark Sales Has a Debentures Payable Balance

Question 19

Multiple Choice

On 31 December 2016,Clark Sales has a Debentures payable balance of $93,000 and a Discount on debentures payable of $6350.On the balance sheet,how will this information be shown?


A) $93,000
B) $93,000 less one-tenth of $6350 for a net balance of $92,365
C) $93,000 less discount of $6350 for a net balance of $86,650
D) $93,000 plus discount for a total balance of $99,350

Correct Answer:

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