Amortization is the process of ________.
A) increasing a bond discount over the life of the bond
B) increasing a bond premium over the life of the bond
C) adjusting the carrying value of the bond over the life of the bond
D) depreciating tangible long-term assets
Question 2
Journalizing payroll taxes for the employer will require several debit entries but only one credit entry.
a. True
b. False
Indicate whether the statement is true or false