The Balance in the Bonds Payable Account Is a Credit

question 94

Multiple Choice

The balance in the Bonds Payable account is a credit of $67,000.The balance in the Discount on Bonds Payable account is a debit of $3350.What is the bond's carrying amount?

• A) $3350
• B) $70,350
• C) $67,000
• D) $63,650

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Definitions:

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Erikson

Erik Erikson was a developmental psychologist known for his theory on the psychosocial development of human beings.

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