If bonds are issued for a price below their face value, the bond discount should be (Points : 5)
charged to expense on the date the bonds are issued.
amortized over the life of the ...
... bond issue.
shown as an addition to Bonds Payable in the Long-Term Liabilities section of the balance sheet.
shown as a current liability on the balance sheet.
If bonds are issued for a price below their face value, the bond discount should be amortized over the life of the bond issue.
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