At December 31, 2012, Hyasaki Corporation has the following account balances: Bonds PayableDue January 1, 2020 (face

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At December 31, 2012, Hyasaki Corporation has the following account balances:
Bonds Payable—Due January 1, 2020 (face value, $2,000,000) ......$1,912,000
Bond Interest Payable .....................................80,000
Show how the above accounts should be presented on the December 31, 2012 balance sheet, and with the proper classifications.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0470161012

9th Canadian Edition, Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.

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