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    Fundamental Accounting Principles Study Set 1
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    Exam 14: Long-Term Liabilities
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    Premium on Bonds Payable Is an Adjunct Liability Account, as It
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Premium on Bonds Payable Is an Adjunct Liability Account, as It

Question 138

Question 138

True/False

Premium on Bonds Payable is an adjunct liability account, as it increases the carrying value of the bond.

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