Bonds Payable has a balance of $900,000 and the Premium on Bonds Payable account has a balance of $45,000. The carrying amount of the bonds is: Group of answer choices $945,000 $45,000 $900,000 $855,000
Bonds Payable has a balance of $900,000 and the Premium on Bonds Payable account has a balance of $45,000. The carrying amount of the bonds is: Group of answer choices $945,000 $45,000 $900,000 $855,000
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 15MC: Naval Inc. issued $200,000 face value bonds at a discount and received $190,000. At the end of 2018,...
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Bonds Payable has a balance of $900,000 and the Premium on Bonds Payable account has a balance of $45,000. The carrying amount of the bonds is:
Group of answer choices
$945,000
$45,000
$900,000
$855,000
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