Scott Drilling Contractors Recently Issued a Corporate Bond on Which

question 154

Multiple Choice

Scott Drilling Contractors recently issued a corporate bond on which it expects to pay interest for the next twenty years. Scott would record this as a __________ on its balance sheet.

• A) declining balance asset
• B) retained earning
• C) long-term liability
• D) long-term expense

---

Definitions:

College Counterparts

implies peers or equivalents in a college setting, often referring to fellow students or similar positions within the educational environment.

Postformal Thought

A stage of cognitive development going beyond Piaget's formal operational stage, characterized by the understanding that answers to problems need to be realistic and that ambiguity and contradiction are part of life.

Dialectical

A method of argument or discourse that involves a process of logical reasoning and dialogue to explore contrasting ideas or opinions.

College Students

Individuals enrolled in an institution of higher education to pursue a degree or certificate.