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Gulf Company issued bonds with a par value of $500,000 for cash of $530,000. What is the account's name and type representing the difference between
Gulf Company issued bonds with a par value of $500,000 for cash of $530,000. What is the account's name and type representing the difference between par value and issue price? OA. A bond discount, a contra lability account OB. A bond premium, an adjunct account OC. A bond discount, a contra equity account OD.A bond premium a contra asset account
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