Other receivables include nontrade receivables such as loans to ...

[mrsjacobs44]

Other receivables include nontrade receivables such as loans to company officers.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

On OCTOBER 31, 2011, Bondable, Inc. issued 20,000 of 10-year, 6 bonds at 100. The bonds pay interest ANNUALLY on October 31. Which of the following will appear on Bondable's balance sheet at December 31, 2011?
 
  A) Bonds payable 18,800
  B) Bonds payable 20,000
  C) Bonds payable 21,200
  D) Interest expense 1,200

[brbarasa]

Answer to Question 1

True

Answer to Question 2

B