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  3. Study Set
    Accounting Study Set 5
  4. Exam
    Exam 12: Non-Current Liabilities, Debentures Payable and Classification of Liabilities on the Balance Sheet
  5. Question
    The Balance in the Debentures Payable Is a Credit of $50
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The Balance in the Debentures Payable Is a Credit of $50

Question 39

Question 39

True/False

The balance in the Debentures payable is a credit of $50 00. The balance in the Premium on debentures payable is a credit of $900. The balance sheet will report the debenture balance as $49 100.

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