- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 3. Analyzing Balance Sheets
- Subject 3. Financial Instruments
CFA Practice Question
A company issued bonds in 2014 that mature in 2024. The measurement basis that will most likely be used on the 2019 balance sheet for the bonds is ______.
B. historical cost
C. amortized cost
A. market value
B. historical cost
C. amortized cost
Correct Answer: C
Bonds payable issued by a company are financial liabilities that are measured at amortized cost.
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