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6. Briggs Co. failed to amortize the premium on an outstanding veyear bond issue. What is the resulting effect on interest expense and the bond

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6. Briggs Co. failed to amortize the premium on an outstanding veyear bond issue. What is the resulting effect on interest expense and the bond carrying value, respectively? Understated, understated. Understated, overstated. Overstated, understated. Overstated, overstated. PHPP'F

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