Question

If bonds are issued for a price below their face value, the bond discount should be:
A. charged to expense on the date the bonds are issued.

B. amortized over the life of the bond issue.

C. shown as an addition to Bonds Payable in the Long-Term Liabilities section of the balance sheet.

D. shown as a current liability on the balance sheet.

Answer 1

A?

Answer 2

I think A is correct

Answer 3

thank you