Premium on Bonds Payable

question 146

Multiple Choice

Premium on Bonds Payable:

• A) has a debit balance
• B) is a contra account.
• C) decreases towards maturity value.
• D) is deducted from bonds payable on the balance sheet.

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Definitions:

Civil Rights Act

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Vetoed

Refers to the rejection or prohibition of a proposal or law by an authority figure, typically a president or governor.

3/5 Clause

A provision in the United States Constitution that counted three-fifths of the slave population for purposes of taxation and representation.

Enfranchising

Granting a group or individual the right to vote in political elections.