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When bonds are issued at a discount, the recorded amount of bond interest expense for a given time period bears what relationship to the amount
When bonds are issued at a discount, the recorded amount of bond interest expense for a given time period bears what relationship to the amount of bond interest payable for the same time period?
The recorded amount of bond interest expense is the same as the amount of bond interest payable.
The recorded amount of bond interest expense is lower than the amount of bond interest payable.
The recorded amount of bond interest expense is higher than the amount of bond interest payable.
There is absolutely no relationship between the amount recorded bond interest expense and the amount of bond interest payable.
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