Dynasystem's trial balance shows $105,000 face value of bonds with a discount balance of $2,600. The bonds
Fantastic news! We've Found the answer you've been seeking!
Question:
Dynasystem's trial balance shows $105,000 face value of bonds with a discount balance of $2,600. The bonds mature in 10 years. How will the bonds be presented on the balance sheet?
A. Bonds payable $105,000 will be listed as a long-term liability.
B. Bonds payable $101,400 (net of $2,600 discount) will be listed as a long-term liability
C. Bonds payable $105,000 will be listed as a long-term liability. A $2,600 discount on bonds payable will be listed as a current liability
D. Bonds payable $105,000 will be listed as a long-term liability. A $2,600 discount on bonds payable will be listed as a contra current liability.
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Posted Date: