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4. How would the carrying value of a bond payable be affected by amortization of each of the following? Discount: Increase/Premium: No Effect Discount: Increase/Premium:

4. How would the carrying value of a bond payable be affected by amortization of each of the following? Discount: Increase/Premium: No Effect Discount: Increase/Premium: Decrease Discount: Decrease/Premium: Increase Discount: No effect/Premium: No effect

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