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If Dockers Ltd. purchased as a long-term investment, $ 50,000 face value of Acme bonds at a price of 102.5, the journal entry to record

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If Dockers Ltd. purchased as a long-term investment, $ 50,000 face value of Acme bonds at a price of 102.5, the journal entry to record the purchase would include a debit to Premium on Bonds. a. False b. True

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