What Type of Account Is the Premium on Bonds Payable

question 22

Multiple Choice

What type of account is the premium on bonds payable account?

• A) a contra asset
• B) a reduction of an expense
• C) an increase to the bond liability
• D) a subtraction from a long-term liability

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Definitions:

Personality Disorder

A pattern of thought, feeling, and behavior that goes beyond the normal range of and causes problems for the affected individual or for others.

Behavioral Pattern

Consistent or repetitive modes of action or conduct exhibited by individuals in response to their environment.

Hallucinations

Perceptions or sensations experienced without any actual external stimulus, often auditory or visual, and associated with various mental health conditions.

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.