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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 12: Non-Current Liabilities, Debentures Payable and Classification of Liabilities on the Balance Sheet
  5. Question
    Discount on Debentures Payable Is Considered to Be Additional Interest
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Discount on Debentures Payable Is Considered to Be Additional Interest

Question 41

Question 41

True/False

Discount on debentures payable is considered to be additional interest expense of the company that issues the debenture.

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