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A dicount on bonds payable: A. Occurs when a corporation issues bonds with a stated rate more than the market rate. B. Occurs when a

image text in transcribed A dicount on bonds payable: A. Occurs when a corporation issues bonds with a stated rate more than the market rate. B. Occurs when a corporation issues bonds with a stated rate less than the market rate. C. Is a contra-asset account. D. Is reported under the equity section on the balance sheet

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