Question: A bond premium should be reported in the balance sheet: a. at the present value of the future reduction in bond interest expense due to

A bond premium should be reported in the balance sheet:

a. at the present value of the future reduction in bond interest expense due to the premium.

b. as a deferred credit.

c. along with other premium accounts such as those resulting from stock transactions.

d. as a direct addition to the face amount of the bond.

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