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Question 13 (2 points) The accountant at Gimli Co. failed to amortize the discount on an outstanding five year bond issue. What is the resulting

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Question 13 (2 points) The accountant at Gimli Co. failed to amortize the discount on an outstanding five year bond issue. What is the resulting effect on net income and the bond outstanding balance (book value), respectively? Overstated, understated Understated, understated Understated, overstated Overstated, overstated Question 14 (2 points) The accountant at Gimli Co. failed to amortize the discount on an outstanding five- year bond issue. What is the resulting effect on interest expense and the bond outstanding balance (book value), respectively? Overstated, overstated MacBook Air

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