True/false Accounting Hw Problems?

True or False
1. The amortization of discounts or premiums are recorded as part of interest income on the income statement
2. When long-term investments in bonds are sold before their maturity date, the seller deducts any accrued interest since the last interest payment date from the selling price
3. When a corporation owns less than 20% of the stock of another company, dividends received are not treated as income.

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2 Responses to “True/false Accounting Hw Problems?”

  1. Kittyi says:

    it is true

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