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What kinds of industries have unearned revenue? Why unearned revenue is considered a liability? When is the unearned revenue identified in the financial statements?

describe why do companies issue bonds? Would you instead buy a bond at a discount or a premium rate? Why? What is the determining factor of whether a bond is sold at a discount, face or premium?

Describe the straight-line method of amortizing discount and premium on bonds payable? Give an elucidation of the process.

How would you describe the accounting procedures for notes payable and accounts payable?

Basic Finance, Finance

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