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Assume that the annual market interest rate is greater than the stated coupon rate on Asay Company's corporate bonds at the time of issuance. The

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Assume that the annual market interest rate is greater than the stated coupon rate on Asay Company's corporate bonds at the time of issuance. The journal entry to record the issuance of the bonds will include a debit to Loss on Bond Issuance Bond Discount Bond Premium Bond Payable Gain on Bond Issuance

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