Indicate the proper financial classification (balance sheet or income statement) for each of the following accounts:
a. Accrued interest payable
b. Bonds payable
c. Mortgage interest expense
d. Bonds due to be paid within 12 months

Question

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The Answer of Indicate the proper financial classification (balance sheet or income statement) for each of the following accounts:
a. Accrued interest payable
b. Bonds payable
c. Mortgage interest expense
d. Bonds due to be paid within 12 months

Indicate the Proper Financial Classification (Balance Sheet or Income Statement)