Which of the Following Is True of a Premium on Bonds

question 88

Multiple Choice

Which of the following is true of a Premium on Bonds Payable account?

• A)It is added to the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
• B)It is added to the Bonds Payable balance and shown with owner's equity on the balance sheet.
• C)It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet.
• D)It is subtracted from the Bonds Payable balance and shown with the current liabilities on the balance sheet.

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