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  2. Topic
    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
    The Debenture Carrying Amount Is the Balance in the Debenture
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The Debenture Carrying Amount Is the Balance in the Debenture

Question 1

Question 1

True/False

The debenture carrying amount is the balance in the debenture payable account subtracted from or added to the balance in either the discount or premium account.

Correct Answer:

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