Discount on Bonds payable Answer 1Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. Plant, property, and equipment are also called Answer 2Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. An example of an investing cash outflow Answer 3Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. An increase in a current liability Answer 4Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. An example of a financing cash inflow Answer 5Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. Premium on Bonds payable Answer 6Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. All partners have Answer 7Choose...Fixed assetsIncreases the interest expense for the issuerA contra asset accountis a cash outflowis a cash inflowMaking loans to other companies.Decreases the interest expense for the issuerSeparate capital and drawing accountsA contra liability accountissuing bonds for cash. Discount on Bonds payable is Answer 8