Far Bonds Becker – bond liability

This topic has 1 reply, 2 voices, and was last updated 5 years, 11 months ago by JR Battle.

Creator

Topic
January 24, 2019 at 5:26 pm #2179891

Ralphie Dos Nachos
Participant

guys, why would Becker call the proceeds/issue price of the bond “bond liability” in their MCQ. It’s saying what would the bond liability be at 12/31 on BS. When i think bond liability i think bond payable (meaning it always stays the same since youre paying off the face)

Viewing 1 replies (of 1 total)

Author

Replies
January 25, 2019 at 8:46 pm #2181142

JR Battle
Participant

If the bond is issued at a premium or a discount, the net amount is recorded on the balance sheet. Some free resources below for quick reference.

Where is the premium or discount on bonds payable presented on the balance sheet?
Author

Replies

Viewing 1 replies (of 1 total)

The topic ‘Far Bonds Becker – bond liability’ is closed to new replies.