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    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    The Balance in the Bonds Payable Account Is a Credit
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The Balance in the Bonds Payable Account Is a Credit

Question 151

Question 151

Multiple Choice

The balance in the Bonds payable account is a credit of $50,000.The balance in the Premium on bonds payable account is a credit of $900.How much is the bond carrying amount?


A) $900
B) $50,900
C) $51,900
D) $49,100

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