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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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6 years ago
Market conditions may force a company to issue its bonds at less than the face value of the bonds. The Discount on Bonds Payable account is used in this situation. This account:
A) is an expense account
B) is a liability account
C) is a contra asset account
D) is a contra liability account
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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msayed2004msayed2004
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6 years ago
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3 years ago
Thank you
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