Question
Loan origination fees are a. added to the carrying amount of the loan payable and subsequently amortized using the straight-line method b. deducted from the
Loan origination fees are
a. added to the carrying amount of the loan payable and subsequently amortized using the straight-line method
b. deducted from the carrying amount of the loan payable and subsequently amortized using the effective interest method
c. recognized immediately as income
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
