QUESTION 21 6 (1) Indicate which of the following statements is true. (3 points) Since intangible assets lack physical substance they should only be reported in the notes to the financial statements. Totals of major classes of assets can be shown in the balance sheet with details disclosed in the notes to the financial statements. Goodwill should be reported as a contra account in the owner's equity section. None of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers A discount A premium QUESTION 20 6 (h) Unamortized bond discount should be reported on the balance sheet of the issuer as a (3 points) Direct deduction from the face amount of the debt. B. None of the above OC. Deferred charge. OD. Direct deduction from the present value of the debt. QUESTION 21