A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The differencepetween par value and issue price for this bond is recorded as a:O Credit to Interest IncomeO Credit to Premium on Bonds PayableO Credit to Discount on Bonds PayableO Debit to Premium on Bonds PayableO Debit to Discount on Bonds Payable

Cash proceeds = $206,948 Par value = $200,000 Premium = 206,948-200,000 = $6,948

Answered: A company received cash proceeds of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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in ESPAÑOL INGLÉS FRANCÉS Under what conditions is the current portion of long-term debt reported as current debt? to. If it is to be paid with the issuance of a 36-month note payable. b. If it is going to be paid with working capital. С. If it is going to be paid with the issuance of Bonds Payable. d. If you are going to pay with common shares of the company. Enviar comentarios MacBook Air DII DD

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