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1. rate is: When a bond issue sale price is higher than the bond face amount, the effective interest a. b. Lower than the stated

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1. rate is: When a bond issue sale price is higher than the bond face amount, the effective interest a. b. Lower than the stated rate Higher than the stated rate Equal to the stated rate Effective interest is not applicable to bonds C. d. 2. Current liabilities include: a. b. Revenue Receivable Deferred Revenues Mortgage Payable Capital Stock C. d

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