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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Introduction To AccountingAn Integrated Approach

ISBN: 9781119600107

8th Edition

Authors: Penne Ainsworth, Dan Deines

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Question Posted: Apr 28, 2023 03:18 AM

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If a bond payable is issued at a premium, is the resulting amortization added to, or deducted

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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

Introduction To AccountingAn Integrated Approach

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