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Interest expense associated with a bond issue is calculated by taking: A. The effective interest rate times the carrying amount of the debt outstanding during

Interest expense associated with a bond issue is calculated by taking: A. The effective interest rate times the carrying amount of the debt outstanding during the interest period.

B. The stated interest rate times the amount of the debt outstanding during the interest period. C. The effective interest rate times the face amount of the debt. D. The stated interest rate times the face amount of the debt.

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