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RE-TEST oblem of 6 1 which of the following is regarding the reporting of bonds in the financial statements? The amortization of a discount will
RE-TEST oblem of 6 1 which of the following is regarding the reporting of bonds in the financial statements? The amortization of a discount will appear as part of interest Expense on the income statement A bond will appear in the statements at its face amount with no indication of whether it sold at a premium or discount The proceeds from the sale of a bond will appear as revenue on the income statement. 98 A bond will appear on the balance sheet at its face amount; es unamortized premium or discount will appear on the income statement a . 10 41 2 3 4 5 7 8 9 D W E R IT Y u P S F G H K N C V B N M 30
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