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33. If the present value of a note issued in exchange for a plant asset is less than the face amount, the difference is? a.
33. If the present value of a note issued in exchange for a plant asset is less than the face amount, the difference is? a. Included in interest expense in the year of issuance b. Amortized as interest expense over the life of the asset c. Amortized as interest expense over the life of the note d. Included in the cost of the asset
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
