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When presenting bonds payable and interest payable on a balance sheet, bonds payable will be classified as a long - term liability, and interest payable
When presenting bonds payable and interest payable on a balance sheet, bonds payable will be classified as a longterm liability, and interest payable will be classified as a current liability, regardless of whether the bonds were issuedsold at a discount or a premium.
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aTrue
bFalse
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