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A discount on bonds payable a Occurs when a corporation issues bonds with a contract rate less than the market rate b Only occurs when
A discount on bonds payable a Occurs when a corporation issues bonds with a contract rate less than the market rate b Only occurs when unsecured bonds are issued c Is recorded as a contra equity account d Occurs when a corporation issues bonds with a contract rate higher than the market rate
A discount on bonds payable
a
Occurs when a corporation issues bonds with a contract rate less than the market rate
b
Only occurs when unsecured bonds are issued
c
Is recorded as a contra equity account
d
Occurs when a corporation issues bonds with a contract rate higher than the market rate
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