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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 12: Non-Current Liabilities, Debentures Payable and Classification of Liabilities on the Balance Sheet
  5. Question
    The Balance in the Debentures Payable Account Is a Credit
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The Balance in the Debentures Payable Account Is a Credit

Question 49

Question 49

True/False

The balance in the Debentures payable account is a credit of $50 000.The balance in the Discount on debentures payable is a debit of $1 500.The balance sheet will report the debenture balance as $48 500.

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