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5When determining the amount of the lease liability, lessees should include any payments made to the lessor for insurance.
True
False
6The amount of sales revenue and sales tax payable reported each accounting period varies with the accounting method used.
True
False
7Redeeming a bond early results in a loss.
True
False
8Interest expense increases over the life of the bond when a bond is issued at a discount.
True
False
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