Indicate the proper financial classification (balance sheet or income statement) for each of the following accounts:
A. Loss on bond retirement
B. Bonds payable
C. Mortgage interest expense
D. Gift certificates sold to customers
E. 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. Loss on bond retirement
B. Bonds payable
C. Mortgage interest expense
D. Gift certificates sold to customers
E. Bonds due to be paid within 12 months

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