Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years. A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on thebalance sheet. B) It is added to the Bonds Payable balance and shown with long-term liabilities on thebalance sheet. C) It is subtracted from the Bonds Payable balance and shown with the current liabilities on thebalance sheet. D) It is added to the Bonds Payable balance and shown with stockholders' equity on thebalance sheet.
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Home » Business » Which of the following is true of the Discount on Bonds Payable account? The bonds are due inten years. A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on thebalance sheet.