Which of the Following Is False? the Discount on Bonds

question 169

Multiple Choice

Which of the following is false? The discount on bonds payable is

• A)amortized over the life of the bond.
• B)deducted from bonds payable.
• C)a contra account to bonds payable.
• D)reported in liabilities section of the balance sheet.
• E)an adjunct account to bonds payable.

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Definitions:

Sensing What Others Need

The ability to intuitively understand and respond to the unexpressed wants or needs of others.

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Affective

Relating to moods, feelings, and attitudes; typically describes phenomena that influence emotions.

Behavioral

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.