it provided by long-term debt? What are the different characteristics of a bond? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objectives 8. 9. 10. Why does bond discount or premium arise and how is it accounted for? What are deferred income taxes and why do they arise? What is minority interest, why does it arise, and what does it mean in the balance sheet? McGraw-Hill/Irwin ©The McGraw-Hill Companies, Inc., 2002 Learning Objective 1 • What is the financial statement…
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