The accounting for bonds payable is: a . Essentially the same under IFRS and GAAP. b .

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The accounting for bonds payable is:

a. Essentially the same under IFRS and GAAP.

b. Differs in that GAAP requires use of the straight-line method for amortization of bond premium and discount.

c. The same except that market prices may be different because the present value calculations are different between IFRS and GAAP.

d. Not covered by IFRS

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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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Question Posted: Jun 30, 2022 01:35 AM

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The accounting for bonds payable is: a . Essentially the same under IFRS and GAAP. b .

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b Differs in that GAAP requires use of the straightline method for amortizat...View the full answer

Accounting Principles

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