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Which of the following does not describe a bond issued at a premium a. The Premium on Bonds is a contra account deducted from Bonds

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Which of the following does not describe a bond issued at a premium a. The Premium on Bonds is a contra account deducted from Bonds Payable b. The Premium reduces interest expense over its terms c. The Premium account has a credit balance d. A premium occurs when proceeds received exceed its face value

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