Identify the Letter of the Choice That Best Matches the Phrase

question 84

Multiple Choice

Identify the letter of the choice that best matches the phrase or definition.
-Appears three to eight lines below the date line in a business letter.

• A)letterhead
• B)complimentary close
• C)drawing object
• D)salutation
• E)Clip Organizer
• F)clip art
• G)building block
• H)dimension
• I)cell
• J)inside address

---

Definitions:

Discount on Bonds Payable

The difference between a bond's face value and its selling price when it is sold for less than its face value.

Contra Liability

An account that offsets a liability account on a company's balance sheet, such as discounts on bonds payable, which reduce the total amount of bonds payable.

Liability

An obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services, or other yielding of economic benefits in the future.

Par Value

The face value of a bond or stock as stated by the issuing company.