Amortizing the discount on bonds payable: a. reduces the semiannual cash payment for interest. b. increases the
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Question:
Amortizing the discount on bonds payable:
a. reduces the semiannual cash payment for interest.
b. increases the recorded amount of interest expenses.
c. reduces the carrying value of the bond liability.
d. is necessary only if the bonds were issued at more than face value.
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