Are bonds payable reported as a current liability if they mature in six months?
gettingbored:
yes
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1
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Bonds payable that mature (or come due) within one year of the balance sheet date will be reported as a current liability if the issuer of the bonds must use a current asset or will create a current liability in order to pay the bondholders when the bonds mature.
Answered by
1
Answer:
no bonds are not payable due to its maturity period
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