The balance in Discount on Bonds Payable that is applicable to bonds due in three years would be reported on the balance sheet in the section entitled of Long-term liabilities.
What is Long-term liabilities?
Long-term liabilities can be regarded as loans aa well as other financial obligations that the repayment schedule would be expected to last over a year.
Some of the examples long-term liabilities are;
- deferred revenues
- post-retirement healthcare liabilities.
- bonds payable
- long-term loans
- pension liabilities
It should be noted that balance in Discount on Bonds Payable that has a due time of three years would be reported at Long-term liabilities section.
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Answer:
The correct answers are: Normative; Positive.
Explanation:
The positive economy is based on specifying and demonstrating what is happening in the economy, responds to economic issues from reason and with an objective point by which things happen, focuses on determining everything that could affect it and the results that will be obtained by final.
No advice is given to remedy economic problems, rather, it describes the problems that affect the economy without mentioning whether the results will be positive or negative.
Kaleb would need to wait 95 days to receive the APR he wanted.
<h3>What do mean by loan?</h3>
- A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities.
- The recipient, or borrower, incurs a debt and is often responsible for both the main amount borrowed as well as interest payments on the debt until it is repaid.
- The promissory note used to prove the obligation will typically include information like the principal amount borrowed, the interest rate the lender is charging, and the due date for repayment.
<h3>What is interest?</h3>
- In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed).
- It is not the same as a fee that the borrower might pay to the lender or another entity.
- It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
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Well it is a graph or diagram that can show a lot of information and It may convey a point better then just a piece of writing