E14-2 - Part as current liability and part as long term...

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E14-2 Classification Indicate how each of the following items should be classified in the financial statements. (a) Discount on bonds payable Contra to bonds payable (b) Interest expense (credit balance) Interest payable (c) Unamortized bond issue costs Other Assets (d) Gain on repurchase of debt Other gains and losses (e) Mortgage payable (payable in equal amounts over next 3 years)
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Unformatted text preview: Part as current liability and part as long term liability (f) Debenture bonds payable (maturing in 5 years) Long-term liability (g) Premium on bonds payable Adjunct to bonds payable (h) Notes payable (due in 4 years) Long-term liability (i) Income bonds payable (due in 3 years) Long-term liability...
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This note was uploaded on 03/25/2012 for the course ACC 102 taught by Professor Benz during the Spring '12 term at CUNY Baruch.

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E14-2 - Part as current liability and part as long term...

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