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In a study on context cues, people learned words while on land or when they were underwater. In a later test of recall, those with the best retention had
Discount on Bonds Payable
The difference between the bonds' par (or face) value and their lower selling price, representing additional interest expense to the issuer over the term of the bonds.
Bond Interest Payable
A liability account that records the amount of interest due on bonds that have not yet been paid to bondholders.
Current Liability
A financial obligation that is due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
Premium on Bonds Payable
The surplus by which bonds exceed their nominal value when sold.
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