The Balance in the Bonds Payable Account Is a Credit

question 151

Multiple Choice

The balance in the Bonds payable account is a credit of $50,000.The balance in the Premium on bonds payable account is a credit of $900.How much is the bond carrying amount?

• A) $900
• B) $50,900
• C) $51,900
• D) $49,100

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Definitions:

Hydrophobic

Lacking an attraction to water, possessed by nonpolar molecules; the opposite of hydrophilic.

Lipid

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and others, which are crucial for cell structure and metabolism.

Nonpolar Covalent

A type of chemical bond where two atoms share a pair of electrons with each other equally.

Polar Covalent

A type of chemical bond where electrons are unequally shared between atoms, resulting in a molecule with an unequal distribution of charge.