The balance in Discount on Bonds Payable
a. would be added to the related Bonds Payable to determine the carrying amount of the bonds.
b. should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method.
c. should be reported on the balance sheet as an asset because it has a debit balance.
d. would be subtracted from the related Bonds Payable on the balance sheet.
d
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Companies conduct online marketing by creating a Web site, placing ads and promotions online, setting up or participating in online social networks, or mailing catalogs to potential customers. 2. Natalie Brennan has been saving her money to buy a BMW convertible. Natalie has spent hours on the BMW Web site choosing the exterior and interior colors and studying the various options and models. Natalie has been using BMW's marketing Web site. 3. Banners are online ads that pop up between changes on a Web site. 4. Permission-based e-mail advertising allows marketers to send tailored messages to targeted customers who choose to have chosen to receive them. 5. Since the introduction of the Do-Not-Call Registry, fraudulent schemes such as investment scams and phony collections for charity have been on the decline.
An agent who did not obtain a purchase offer who initiated an uninterrupted chain of events that led to a sale would be considered the
a. agent of record b. procuring cause c. exclusive agent d. cooperating broker