After non-current liabilities have been initially measured, they are recorded on subsequent balance sheets at:
A)face value.
B)present value based on current interest rates.
C)present value plus stated interest.
D)book value.

Question

Quizplus · Accepted Answer

Non-current liabilities, after initial measurement, are recorded on subsequent balance sheets at their book value, which reflects any amortization or adjustments made since the liability was first recorded.

After Non-Current Liabilities Have Been Initially Measured, They Are Recorded