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Discussion Questions Respond to the following 4 questions (5 points each) 1. What are the two methods of amortizing discount and premium on bonds payable?

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Discussion Questions Respond to the following 4 questions (5 points each) 1. What are the two methods of amortizing discount and premium on bonds payable? Explain each. Which is preferable under GAAP and under what condition(s) is the non-preferred method permitted

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