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When bonds are sold, any difference between the net proceeds and the cost of the bonds is recorded as a gain or loss. False True
When bonds are sold, any difference between the net proceeds and the amortized cost of the bonds is recorded as a gain or loss. TRUE.
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Asked 6/26/2013 12:15:27 PM
Updated 221 days ago|10/15/2018 2:59:46 AM
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When bonds are sold, any difference between the net proceeds and the amortized cost of the bonds is recorded as a gain or loss. TRUE.
Added 221 days ago|10/15/2018 2:59:46 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [10/16/2018 9:54:44 AM], jeifunk [10/16/2018 9:54:44 AM]
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When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. True False
Question
Updated 235 days ago|10/1/2018 12:55:33 PM
1 Answer/Comment
When no-par stock does not have a stated value, the corporation credits the entire proceeds to Common Stock. TRUE.
Added 235 days ago|10/1/2018 12:55:32 PM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [10/1/2018 1:15:55 PM], matahari [10/1/2018 1:15:55 PM], Rated good by matahari
When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to: Retained Earnings. Paid-in Capital from Treasury Stock. Loss on Sale of Treasury Stock. Paid-in Capital in Excess of Par Value.
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Not Answered
Updated 2/19/2018 8:06:54 AM
1 Answer/Comment
When a company sells treasury stock below its cost, it usually debits the excess of cost over selling price to Paid-in Capital from Treasury Stock.
Added 2/19/2018 8:06:54 AM
This answer has been confirmed as correct and helpful.
Under the cost method, companies record the investment at cost, and recognize revenue when the investee reports net income. TRUE or FALSE.
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Updated 286 days ago|8/11/2018 12:51:29 PM
1 Answer/Comment
Under the cost method, companies record the investment at cost, and recognize revenue when the investee reports net income. FALSE.
Added 286 days ago|8/11/2018 12:29:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [8/11/2018 12:51:32 PM], jeifunk [8/11/2018 12:51:32 PM]
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