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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. The entry

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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%, 9-month note. The entry made by Sadowski Brick Company on January 1 to record the proceeds and issuance of the note is If the market interest rate for a bond is higher than the stated interest rate, the bond will sell at A) par. B) a discount. C) a premium. D) either a discount or premium. Treasury stock should be reported in the financial statements of a corporation as a(n) A) deduction from total paid-in capital. B) investment. C) liability D) deduction from total paid-in capital and retained earnings

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