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ella [17]
3 years ago
7

What type of account is Discount on Bonds Payable and what is its normal​ balance? A. Reversing​ account; Debit B. Contra​ liabi

lity; Debit C. Contra​ liability; Credit D. Adjusting​ account; Credit
Business
1 answer:
tresset_1 [31]3 years ago
6 0

Answer:

B. Contra​ liability; Debit

Explanation:

Discount on the bond is contra liability account and it has debit balance because liabilities normally have a credit balance, so the contra account of liabilities must have a debit balance.

Discount on Asset is reported under the bond payable value. The net payable on the bond is calculated by deducting the discount on bond value from the bond payable value ( usually face value of the bond. )

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The correct answer to this open question is the following.

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Artyom0805 [142]

Answer:

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The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

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4 0
3 years ago
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Licemer1 [7]
That makes no since ..
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Firlakuza [10]

Answer:

country of origin.

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The bank will ask about employment history, credit history, tax information, personal information, the purpose of the loan,  collateral, and other questions related to the ability to repay. A person's country of origin is unnecessary and may elicit elements of discrimination.

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3 years ago
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