what is the meaning of premium in accountancy?
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Premium on bonds payable (or bond premium) occurs when bonds payable are issued for an amount greater than their face or maturity amount. ... Over the life of the bonds, the $150,000 premium is to be accounted for as a reduction of the corporation's interest expense.......
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premium on bonds payable occurs when bonds payable are issued for an amount greater than their face for maturity amount. over the life of the bonds the Dollar 1 50,000 premium is it to be accounted for AS reduction of the corporations interest expense
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