When a Bond Is Issued at More Than Its Face

question 147

Multiple Choice

When a bond is issued at more than its face value,it is issued at:

• A)a surplus.
• B)par value.
• C)a discount.
• D)a premium.

Identify how transactions affect the accounting equation.

Recognize the rules for debit and credit in accounting.

Understand the structure and purpose of a T account.

Determine the normal balance of various account types.