The printing costs and legal fees associated with the issuance of bonds should

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The printing costs and legal fees associated with the issuance of bonds should

a. be expensed when incurred.
b. be reported as a deduction from the face amount of bonds payable.
c. be accumulated in a deferred charge account and amortized over the life of the bonds.
d. not be reported as an expense until the period the bonds mature or are retired.

Answer: be accumulated in a deferred charge account and amortized over the life of the bonds

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