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  3. Study Set
    Principles of Financial Accounting Study Set 1
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    Exam 18: Investments
  5. Question
    If a Long-Term Bond Investment Is Sold Before Maturity, an Entry
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If a Long-Term Bond Investment Is Sold Before Maturity, an Entry

Question 2

Question 2

True/False

If a long-term bond investment is sold before maturity, an entry must be made to update any unrecorded interest and amortization of the discount or premium.

Correct Answer:

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