If a bond payable is issued at a premium, is the resulting amortization added to, or deducted
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If a bond payable is issued at a premium, is the resulting amortization added to, or deducted from, net income to determine cash flows from operations in the indirect method? Why?
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In the indirect method the amortization of bond premium or discount is added to net income to determ...View the full answer
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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