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Bond premium should be reported in the statement of financial position O at the present value of the future reduction in bond interest expense due to the premium. O along with other premium accounts such as those resuilting from share capital transactions. O as a direct addition to the face amount of the bonds. O as a deferred credit.

Bond premium should be reported in the statement of financial position O at the present value of the future reduction in bond interest expense due to the premium. O along with other premium accounts such as those resuilting from share capital transactions. O as a direct addition to the face amount of the bonds. O as a deferred credit.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.1E
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Bond premium should be reported in the statement of financial position * O at the present value of the future reduction in bond interest expense due to the premium. O along with other premium accounts such as those resulting from share capital transactions. IO as a direct addition to the face amount of the bonds. as a deferred credit.
Transcribed Image Text:Bond premium should be reported in the statement of financial position * O at the present value of the future reduction in bond interest expense due to the premium. O along with other premium accounts such as those resulting from share capital transactions. IO as a direct addition to the face amount of the bonds. as a deferred credit.
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