Any Unamortized Premium Should Be Reported on the Balance Sheet

question 140

Multiple Choice

Any unamortized premium should be reported on the balance sheet of the issuing corporation as

• A) a direct deduction from the face amount of the bonds in the liability section
• B) as paid-in capital
• C) a direct deduction from retained earnings
• D) an addition to the face amount of the bonds in the liability section

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