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14. The Premium on Bonds Payable account is amortized and reduces the Interest Expense compared to the interest payment a. over the entire term of

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14. The Premium on Bonds Payable account is amortized and reduces the Interest Expense compared to the interest payment a. over the entire term of the bond when using the effective interest method. b. only in the year in which the bond matures. C. during the first few years of the bond term when the straight-line method is used. d. only in the year in which the bond was issued

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