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Long Term Investment
?
Eagle Company issued ten-year bonds at 96 during the current year. In the year-end financial statements, the discount should be:
Deducted from bonds payable.
Added to bonds payable.
Included as an expense in the year of issue.
Reported as a deferred charge.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
Deducted from bonds payable.
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