ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 267

required, select "No Entry" for the account titles and enter 0 for
the amounts. Credit account titles are automatically indented
when amount is entered. Do not indent manually.)

8) Under IFRS, bond issuance costs, including the printing
costs and legal fees associated with the issuance, should be:

expensed in the period when the debt is issued.

recorded as a reduction in the carrying value of bonds
payable.

accumulated in a deferred charge account and amortized
over the life of the bonds.