Answered: When a bond is first issued, it is sold…

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When a bond is first issued, it is sold at a. any of these. b. discount. c. face value. d. premium.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 9Q: What kind of account is the Discount on Bonds Payable? What kind of account is the Premium on Bonds...

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Question

When a bond is first issued, it is sold at

a. any of these.

b. discount.

c. face value.

d. premium.

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