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A general obligation bond is issued at a discount which of the following would be correct regarding the accounting for the bond discount? A. A
A general obligation bond is issued at a discount which of the following would be correct regarding the accounting for the bond discount?
A. A debit should be made to other financing use - bond issue discount B. A credit should be made to Other Financing Source - Bonde issue discount C. A debit should be made to Other Financing use - Bond issue premium D. a credit should be made to Other Financing source - Bond issue premium E. None of the above
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