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Business, 26.05.2021 03:20 DroctorWellsfan

The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it has a debit balanceshould be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest methodwould be added to the related bonds payable to determine the carrying amount of the bondswould be subtracted from the related bonds payable on the balance sheet

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