Under IFRS, bond issuance costs, including the printing costs and legal fees associated with the issuance, should
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Under IFRS, bond issuance costs, including the printing costs and legal fees associated with the issuance, should be:
(a) expensed in the period when the debt is issued.
(b) recorded as a reduction in the carrying value of bonds payable.
(c) accumulated in a deferred charge account and amortized over the life of the bonds.
(d) reported as an expense in the period the bonds mature or are redeemed.
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