The balance in Discount on Bonds Payable
A) should be reported on the balance sheet as an asset because it has a debit balance
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) would be added to the related bonds payable to determine the carrying amount of the bonds
D) would be subtracted from the related bonds payable on the balance sheet
D
You might also like to view...
All of the following are true about an American Depository Receipt EXCEPT:
A) the depositary bank converts all dividends and other payments into U.S. dollars. B) there are no custodial fees. C) shares are held in custody by a U.S. depository bank. D) it represents a specific number of shares in the home market.
Realistic time refers to:
A) the maximum period of time for an activity to be completed. B) the minimum period of time for an activity to be completed. C) the planner's "best guess" of the amount of time the activity actually will require for completion. D) the maximum period of time for an entire project to be completed. E) the average period of time for an activity to be completed.