The printing costs and legal fees associated with the issuance of bonds should

The printing costs and legal fees associated with the issuance of bonds should

a. be expensed when incurred.
b. be reported as a deduction from the face amount of bonds payable.
c. be accumulated in a deferred charge account and amortized over the life of the bonds.
d. not be reported as an expense until the period the bonds mature or are retired.


Answer: be accumulated in a deferred charge account and amortized over the life of the bonds