On 31 December 2016,Clark Sales Has a Debentures Payable Balance

question 19

Multiple Choice

On 31 December 2016,Clark Sales has a Debentures payable balance of $93,000 and a Discount on debentures payable of $6350.On the balance sheet,how will this information be shown?

• A)$93,000
• B)$93,000 less one-tenth of $6350 for a net balance of $92,365
• C)$93,000 less discount of $6350 for a net balance of $86,650
• D)$93,000 plus discount for a total balance of $99,350

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