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    Financial Accounting Study Set 20
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    Exam 10: Reporting and Interpreting Bonds
  5. Question
    The Journal Entry to Record the Interest Cash Payment for a Bond
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The Journal Entry to Record the Interest Cash Payment for a Bond

Question 31

Question 31

True/False

The journal entry to record the interest cash payment for a bond issued at a premium results in an increase in the book value of the bond liability.

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