The Balance in Discount on Bonds Payable

question 3

Multiple Choice

The balance in Discount on Bonds Payable

• A) should be reported on the balance sheet as an asset because it has a debit balance
• B) should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method
• C) would be added to the related bonds payable to determine the carrying amount of the bonds
• D) would be subtracted from the related bonds payable on the balance sheet

---

Definitions:

Recruiter

A Recruiter is a professional who helps organizations find and hire qualified candidates for open positions, often specializing in a particular industry or job type.

Performance Evaluation

A systematic process to assess an employee's job performance and productivity, usually involving comparison against set standards.

Downsizing

The reduction of an organization's workforce to improve its efficiency and reduce costs, often involving layoffs.

Social Networks

Platforms or communities online where individuals can interact, share information, and build relationships or connections.