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    Exam 11: Long-Term Liabilities
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    Discounts or Premiums Are Contra-Accounts That Are Subtracted from or Added
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Discounts or Premiums Are Contra-Accounts That Are Subtracted from or Added

Question 127

Question 127

True/False

Discounts or premiums are contra-accounts that are subtracted from or added to bonds payable on the balance sheet.

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