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Show the long-term liabilities balance sheet presentation

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Question - Pharoah Company sold $3,260,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 102 at December 31, 2022.

Reference no: EM132669932

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