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Which othe following authors is an extreme diffusionist?
Bond Interest Payable
A liability account that records the amount of interest due on bonds that have not yet been paid to bondholders.
Current Liability
A financial obligation that is due to be paid within one year or within the normal operating cycle of the business, whichever is longer.
Premium on Bonds Payable
The surplus by which bonds exceed their nominal value when sold.
Contra-Liability Account
An account on a company's balance sheet that reduces the amount of a liability, serving as a negative balance to that liability.
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