The Carrying Amount of Bonds Is Equal To

question 17

Multiple Choice

The carrying amount of bonds is equal to:

• A)the face value of the bonds less the discount on bonds payable.
• B)the face value of the bonds plus the premium on bonds payable.
• C)the face value of the bonds less the premium on bonds payable.
• D)both A and B.

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Definitions:

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A colorless, odorless, and toxic gas produced by incomplete combustion of carbon-containing materials.