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2. If bonds are sold for a discount, the carrying amount of the bonds is equal to the face value less the unamortized discount a.
2. If bonds are sold for a discount, the carrying amount of the bonds is equal to the face value less the unamortized discount a. True b. False 3. Discount on Bonds Payable is a contra liability account a. True b. False 4. Bonds payable should be reported on the balance sheet at face value plus or minus any unamortized premium or discount True b. False
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