Debt issuance costs are: Accounted for as a deduction from the equity balance on the balance sheet Recognized initially as a current liability on the balance sheet Amortized over the term of the related debt liability Expensed on the income statement when the transaction occurs Which one is the correct answer please?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Debt issuance costs are:

Accounted for as a deduction from the equity balance on the balance sheet

Recognized initially as a current liability on the balance sheet

Amortized over the term of the related debt liability

Expensed on the income statement when the transaction occurs

Which one is the correct answer please?

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