IIA Exam IIA-CFSA Topic 7 Question 27 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 27
Topic #: 7

The ''discount on bonds payable'' account is __________when a bound sells at discount. The ''premium on bond payable'' is ____________ when a bond sells a premium.

ACredited, debited

BDebited, credited

CAccrued, debited

DDeferred, debit

Show Suggested Answer

Suggested Answer: C

by Joanna at Dec 29, 2022, 01:01 AM

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Timothy

7 days ago

I think the correct answer is A) Credited, debited.

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