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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 12: Non-Current Liabilities, Debentures Payable and Classification of Liabilities on the Balance Sheet
  5. Question
    Premium on Debentures Payable Is Spread Over the Term of the Debentures
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Premium on Debentures Payable Is Spread Over the Term of the Debentures

Question 75

Question 75

True/False

Premium on debentures payable is spread over the term of the debentures and reduces total interest expense.

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