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    Business
  3. Study Set
    Accounting
  4. Exam
    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
  5. Question
    Premium on Bonds Payable Is Spread Over the Term of the Bonds
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Premium on Bonds Payable Is Spread Over the Term of the Bonds

Question 125

Question 125

True/False

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

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