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    Fundamental Accounting Principles Study Set 5
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    Exam 14: Long-Term Liabilities
  5. Question
    The Discount on Bonds Payable Account Is
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The Discount on Bonds Payable Account Is

Question 44

Question 44

Multiple Choice

The Discount on Bonds Payable account is:


A) A liability.
B) A contra liability.
C) An expense.
D) A contra expense.
E) A contra equity.

Correct Answer:

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