Multiple Choice
The Premium on Bonds Payable account is a(n) :
A) Revenue account.
B) Adjunct or accretion liability account.
C) Contra revenue account.
D) Asset account.
E) Contra expense account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q70: On January 1,2013,Lane issues $700,000 of 7%,15-year
Q71: On January 1,2013,a company issued and sold
Q72: The interest rate specified in the bond
Q76: On January 1,2013,$800,000,5-year,bonds with a contract rate
Q77: On January 1,2013,Merrill Company borrowed $100,000 on
Q78: Bonds may only be issued on an
Q99: If a bond's interest period does not
Q105: Bonds and long-term notes are similar in
Q125: _bonds are bonds that mature at more
Q141: On March 1,a company issues bonds with