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Martin's bonds pay interest semiannually on July 1 and January 1. If its fiscal year ends on September 30, which statement is true of Martin's
Martin's bonds pay interest semiannually on July 1 and January 1. If its fiscal year ends on September 30, which statement is true of Martin's year-end adjusting journal entry for bond interest? Question content area bottom Part 1 A. Martin must record three month's accrued interest expense and amortize three month's discount or premium. B. Martin will record nine month's accrued interest expense and amortize three month's discount or premium. C. Martin will record nine month's accrued interest expense and amortize nine month's discount or premium. D. Martin must record three month's accrued interest expense only
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