Business, 03.08.2020 14:01 danny1687

A discount on bonds payable: Multiple Choice Occurs when a company issues bonds with a contract rate less than the market rate. Occurs when a company issues bonds with a contract rate more than the market rate. Increases the Bond Payable account. Decreases the total bond interest expense. Is not allowed in many states to protect creditors.

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A discount on bonds payable: Multiple Choice Occurs when a company issues bonds with a contract rate...

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