Amortizing the Discount on Bonds Payable

question 144

Multiple Choice

Amortizing the discount on bonds payable:

• A)increases the carrying amount of the bonds.
• B)increases the face value of the bonds.
• C)decreases the face value of the bonds.
• D)decreases the carrying value of the bonds.

---

Definitions:

Single-Entry

A simple bookkeeping or accounting method where transactions are recorded only once, either as income or expense.

Pegboard

A manual bookkeeping system that uses a lightweight board with pegs on the left side and often on the top and right side too. Components of the pegboard system include a physician’s day sheet, transactions slip, patient ledger card, and deposit slip.

Claims Scrubbing

The process of reviewing insurance claims for errors or inconsistencies prior to submission to ensure they comply with payer requirements.

Visit Capture

The process of documenting and recording details of a patient's visit to a healthcare facility.