Match
-Bonds Payable
A)Current Assets
B)Tangible Assets
C)Investments
D)Intangibles
E)Other
F)Current Liability
G)Long-Term Liability
H)Capital Stock
I)Retained Earnings
J)Item Not Included on Balance Sheet

Question

Quizplus · Accepted Answer

Bonds Payable is a Long-Term Liability as it represents the amount of money a company owes to bondholders that will be paid back over a period of greater than one year.

Answer: J
 If Bonds Payable are not included on the Balance Sheet, it would be considered an error as Bonds Payable is a significant liability that should be disclosed in the financial statements.

Match -Bonds Payable