Discounts or Premiums Are Contra-Accounts That Are Subtracted from or Added

question 127

True/False

Discounts or premiums are contra-accounts that are subtracted from or added to bonds payable on the balance sheet.

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Definitions:

Petiole

The stalk that attaches a leaf blade to the plant stem, allowing for flexibility and the transport of nutrients and water.

Monocots

A group of flowering plants (angiosperms) characterized by having a single embryonic leaf, or cotyledon, in their seeds.

Eudicots

A major grouping of flowering plants characterized by having two seed leaves, or cotyledons, upon germination.

Pfr

Phytochrome Far-red form, a light-absorbing form of the phytochrome plant photoreceptor, significant in regulating plant development in response to light.