1. Aztec, Inc. pays $55,000 in printing, legal fees, commissions, and other costs to issue new bonds. How is the company most likely to record these costs on its financial statements?

   	a.	A liability under U. S. GAAP and a reduction of the carrying value of the debt under IFRS.
   	b.	A cash outflow from investing activities under both U. S. GAAP and IFRS.
   	c.	An asset under U. S. GAAP and a reduction of the carrying value of the debt under IFRS.