When Bonds Are Issued at a Price Below Face Value

question 48

True/False

When bonds are issued at a price below face value, the Discount on Bonds Payable account is debited for the difference between the issue price and the face value.

---

Definitions:

Club Meeting

An organized gathering of members of a club or organization, typically for discussing matters of common interest.

Attendance

The act of being present at a location or event, often tracked for purposes such as education, employment, or participation in activities.

Number

An entity employed in mathematics for counting, measuring, and naming purposes.

Persons

Human individuals or groups considered collectively, especially in legal or formal contexts.