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

question 78

Multiple Choice

On 31 December 2016,Lopez Sales has a Debentures payable balance of $75,000 and a Premium on debentures payable of $6000.On the balance sheet,how will this information be shown?

• A)$75,000
• B)$75,000 less one-tenth of $6000 for a net balance of $74,400
• C)$75,000 less premium of $6000 for a net balance of $69,000
• D)$75,000 plus a premium of $6000 for a net balance of $81,000

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