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What classification is unamortized bond discount (on bonds payable; a debit balance) in the balance sheet?

April 26, 2017balance sheet Bond bonds Business Classification discount Finance Payable

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What classification is unamortized bond discount (on bonds payable; a debit balance) in the balance sheet?

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Unamortized bond discount is a contra liability and bond payable is presented in the balance sheet net of bond discount, like fixed assets is presented net of accumulated depreciation.