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Accounting

The printing costs and legal fees associated with the issuance of bonds should:

a) be expensed when incurred.

b) be reported as a deduction from the face amount of bonds payable.

c) be accumulated in a deferred charge account and amortized over the life of the bonds.

d) not be reported as an expense until the period the bonds mature or are retired.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9436448

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