Which of the Following Accounts Has a Debit Balance and Is

question 41

Multiple Choice

Which of the following accounts has a debit balance and is reported in the liability classification?

• A)Treasury stock
• B)Premium on Bonds Payable
• C)Paid-in-capital from Treasury stock
• D)Discount on Bonds Payable

---

Definitions:

General Managers

Managers who are responsible for complex, multifunctional units.

Lack of Marketing Control

This refers to a situation where a business is unable to influence its marketing environment effectively, often resulting in missed opportunities or decreased market share.

New Business Failure

The phenomenon where newly established businesses do not succeed and cease operations, often due to financial or operational difficulties.

Lack of Experience

The condition of having insufficient expertise or familiarity with a particular task, job, or subject area.