How Would the Carrying Value of Bonds Payable Change Over

question 85

Multiple Choice

How would the carrying value of bonds payable change over time for bonds issued at a discount and for bonds issued at a premium?

• A)Decrease for bonds issued at a discount and decrease for bonds issued at a premium.
• B)Decrease for bonds issued at a discount and increase for bonds issued at a premium.
• C)Increase for bonds issued at a discount and decrease for bonds issued at a premium.

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