The goal of this scheme was to create a uniform system of commercial law among all 50 states:

Classes define the containers of data, while their contents are provided by objects

Indicate whether the statement is true or false

The balance in Premium on Bonds Payable

a. should be reported on the balance sheet as a deduction from the related bonds payable b. should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the resultsobtained by that method materially differ from the results that would be obtained by the effective interestrate method c. would be added to the related bonds payable on the balance sheet d. should be reported in the paid-in capital section of the balance sheet