On the Issuance Date, the Bonds Payable Account Had a Balance

question 65

Multiple Choice

On the issuance date, the Bonds Payable account had a balance of $50,000,000 and Premium on Bonds Payable had a balance of $1,000,000.What was the issue price of the bonds?

• A) $50,000,000
• B) $49,000,000
• C) $51,000,000
• D) Unable to determine from the information given

Appreciate the importance of maintaining good relations with regulatory agencies.

Understand the process and significance of administrative law judge decisions in agency disputes.

Know the criteria for deference by courts to agency interpretations of law.

Understand the rulemaking process including notice-and-comment rulemaking.