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Identify the term being referred to: A type of bond that requires a portion of the face amount be periodically paid off

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3MC: The principal of a bond is ________. A. the person who sold the bond for the company B. the person...

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Identify the term being referred to:

A type of bond that requires a portion of the face amount be periodically paid off *

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The premium on bonds payable account is shown on the balance sheet as A contra asset. A reduction of an expense. An addition to a long-term liability. A subtraction from a long-term liability.
The principal of a bond is ________. A. the person who sold the bond for the company B. the person who bought the bond C. the interest rate printed on the front of the bond D. the face amount of the bond that will be paid back at maturity
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