Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 70: BE2-11b

Answer

(b) An unamortized bond premium would not be revealed.

Work Step by Step

The unamortized bond premium would not exist since the bond will be listed at its current value.
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