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    Financial Accounting Study Set 11
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    Exam 9: Long-Term Liabilities
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    Premium on Bonds Payable
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Premium on Bonds Payable

Question 18

Question 18

Multiple Choice

Premium on Bonds Payable:


A) has a debit balance.
B) is a contra account to bonds payable.
C) has a credit balance.
D) is deducted from bonds payable on the balance sheet.

Correct Answer:

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