If a company sells its 20-year bonds at a discount, the discount account should be reported on
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Question:
If a company sells its 20-year bonds at a discount, the discount account should be reported on the balance sheet as a(n)
unearned liability | ||
addition to the bonds payable | ||
accrued expense | ||
deduction from bonds payable |
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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