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The Balance in the Bonds Payable Account Is a Credit

Question 130

Multiple Choice

The balance in the Bonds Payable account is a credit of $65,500. The balance in the Discount on Bonds Payable account is a debit of $2,150. How much is the bond's carrying amount?


A) $2,150
B) $67,650
C) $65,500
D) $63,350

Correct Answer:

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