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Liberty Company issued 10-year bonds at 105 during the current year. In the year-end financial statements, the premium should be: Multiple Choice Reported as an
Liberty Company issued 10-year bonds at 105 during the current year. In the year-end financial statements, the premium should be:
Multiple Choice
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Reported as an intangible asset.
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Included in revenue for the year of sale.
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Deducted from bonds payable.
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Added to bonds payable.
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