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A company prepared the following journal entry: Interest expense Discount on bonds payable Cash Which of the following statements correctly describes the effect of this

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A company prepared the following journal entry: Interest expense Discount on bonds payable Cash Which of the following statements correctly describes the effect of this joumal entry on the financial statements? A. Stockholders' equity decreases by the amount of the credit to cash. OB. The bonds payable book value increases by the amount of the credit to discount on bonds payable. C. The bonds payable book value decreases by the amount of the credit to cash

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