On December 31, 2015, Lopez Sales Has a Bonds Payable

question 19

Multiple Choice

On December 31, 2015, Lopez Sales has a Bonds Payable Balance of $71,000 and a Premium on Bonds Payable of $3,900. On the balance sheet, how will this information be shown?

• A)$71,000 less Premium of $3,900 for a Net Balance of $67,100
• B)$71,000 less one-tenth of $3,900 for a net balance of $70,610
• C)$71,000
• D)$71,000 plus a premium of $3,900 for a net balance of $74,900

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Definitions:

Dependent Variable

A variable in a study or model that is expected to change in response to manipulations or changes in another variable, known as the independent variable.

Proficiency Test

A test designed to measure the ability, skill, or knowledge in a particular area or field.

Prediction Interval

A range of values that is likely to include the outcome of a single new observation based on a predictive model or past data.

Proficiency Test

An assessment designed to measure an individual's knowledge or skill in a particular area or discipline.