ACC 291 Discussion Question Week 2 Answers - 19418

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What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized in the financial statements?

Why do companies issue bonds? Would you rather buy a bond at a discount or a premium rate? Why? What is the determining factor of whether a bond is sold at a discount, face, or premium?

What is the straight-line method of amortizing discount and premium on bonds payable? Provide an explanation of the process.

How would you describe the accounting procedures for notes payable and accounts payable?

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ACC 291 week 2 DQ.docx
ACC 291 week 2 ...