CFA Practice Question

There are 534 practice questions for this study session.

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 ______.

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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