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In U.S. GAAP, bond issue costs are considered ________. Group of answer choices a period cost a cost of borrowing that reduces the effective interest expense an initial cost that is expensed when the bonds are issued an element in determining the carrying value of the bonds outstanding

In U.S. GAAP, bond issue costs are considered ________. Group of answer choices a period cost a cost of borrowing that reduces the effective interest expense an initial cost that is expensed when the bonds are issued an element in determining the carrying value of the bonds outstanding

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 10MC: The effective-interest method of bond amortization finds the difference between the ________ times...
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In U.S. GAAP, bond issue costs are considered ________.
Group of answer choices
a period cost
a cost of borrowing that reduces the effective interest expense
an initial cost that is expensed when the bonds are issued
an element in determining the carrying value of the bonds outstanding
 
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