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Which of the following is true regarding the reporting of bonds in the financial statements? A bond will appear in the statements at its face
Which of the following is true regarding the reporting of bonds in the financial statements? A bond will appear in the statements at its face amount with no indication of whether it sold at a premium or discount. A bond will appear on the balance sheet at its face amount; its unamortized premium or discount will appear on the income statement. The proceeds from the sale of a bond will appear as revenue on the income statement. The amortization of a discount will appear as part of interest expense on the income stateme
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