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Neuberg Corporation issues bonds with a face amount of $12 million and a stated interest rate of 5%. The bonds sell at face amount in
Neuberg Corporation issues bonds with a face amount of $12 million and a stated interest rate of 5%. The bonds sell at face amount in addition, the company incurs bond issue costs of $320,000. The journal entry to record the issuance of the bonds includes a debit to: Multiple Choice bond discount for $320,000 bond discount for $12,000,000 bond premium for 320,000 bonds payable for $320,000 Capitalization of interest for the construction of long-lived assets is limited to interest arising from actual borrowings from: Multiple Choice owners. stockholders. outsiders. the boord of directors
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