How will a premium on bonds payable account appear on the statement of financial position?

	a.	as revenue
	b.	as a contra liability
	c.	as a long-term asset
	d.	as an increase to a long-term liability

What does the allowance for doubtful accounts represent?

	a.	bad debt losses incurred in the current period
	b.	the amount of uncollected accounts written off to date
	c.	the difference between total sales made on credit and the amount collected from those credit sales
	d.	the difference between the recorded value of accounts receivable and the net realizable value of accounts receivable