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Home Q & A Board Other Fields Homework Help Business Accounting
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ejones3535 ejones3535
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6 years ago
In U.S. GAAP, Unamortized Bond Issue Costs have a debit balance and are considered ________.
A) an element in determining the carrying value of the bonds outstanding
B) a cost of borrowing that reduces the effective interest expense
C) a cost of borrowing that increases the effective interest expense
D) an initial cost that is expensed when the bonds are issued
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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cantiknyacantiknya
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6 years ago
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ejones3535 Author
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6 years ago
TY!
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#3
6 years ago
You're welcome
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