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March 3 1 , 2 0 4 4 , to pay interest, amortize the bond premium, and retire the bonds at maturity ( make two
March to pay interest, amortize the bond premium, and retire the bonds at maturity make two separate entries Assume an adjusting entry was made on December to recognize interest from October to December What is the effect of amortizing the bond premium on annual net income and annual net cash flow from operating activities. Ignore possible income tax effects.
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