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Interest expense on bonds payable is calculated as the: Face amount times the stated interest rate. O Face amount times the effective interest rate, Bond
Interest expense on bonds payable is calculated as the: Face amount times the stated interest rate. O Face amount times the effective interest rate, Bond Payable balance at the beginning of the year times the effective interest rate. Bond Payable balance at the beginning of the year times the stated interest rate. None of the answers are correct
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