The face value of a bond payable minus the current balance of the discount account or plus the current balance of the premium account is the bond's carrying amount
Indicate whether the statement is true or false
TRUE
Business
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The intangible asset goodwill may be
a. capitalized only when purchased. b. capitalized either when purchased or created internally. c. capitalized only when created internally. d. written off directly to retained earnings.
Business
The tax law includes a penalty for writing a "bad" check in payment of the taxpayer's tax liability
a. true b. false
Business