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7) Which of the following is false? The discount on bonds payable is A) amortized over the life of the bond. B) deducted from bonds

7) Which of the following is false? The discount on bonds payable is

A) amortized over the life of the bond.

B) deducted from bonds payable.

C) a contra account.

D) a trading security account.

E) payable at the maturity date of the bond.

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