What's the "carrying value" of a bond payable? What's the only condition where a bond carrying value will not change over its term until redeemed? (am assuming a 'term' type bond n 7511
Added by Jennifer G.
Close
Step 1
It is the initial amount of the bond plus or minus any adjustments for amortization of any premium or discount on the bond. Show more…
Show all steps
Your feedback will help us improve your experience
Ian Sharkey and 67 other Principles of Accounting educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Recommended Videos
What does par value represent to the issuer of a bond?
Financial Markets
Bonds and Other Financial Instruments
Prabhat T.
If the Bonds Payable account has a balance of $\$ 700,000$ and the Discount on Bonds Payable account has a balance of $\$ 36,000$, what is the carrying value of the bonds?
Jennifer S.
Recommended Textbooks
Horngren’s Cost Accounting
Cost Accounting A Managerial Emphasis
Principles of Accounting Volume 1: Financial Accounting
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD