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Unformatted text preview: maturity of the bond, he still owes that balance today. In this case, I would have to ask the client to either follow GAAP, or to take his business elsewhere after explaining the premium is not paid-in capital per se....
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This note was uploaded on 04/09/2008 for the course ACCT 042 taught by Professor Turlow during the Fall '07 term at Drake University .
- Fall '07