In the statement of financial position, the account Interest Payable is
A) added to bonds payable.
B) deducted from bonds payable.
C) classified as a current liability.
D) classified as a revenue account.

Question

Quizplus · Accepted Answer

The Answer of In the statement of financial position, the account Interest Payable is
A) added to bonds payable.
B) deducted from bonds payable.
C) classified as a current liability.
D) classified as a revenue account.

In the Statement of Financial Position, the Account Interest Payable