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The discount on a bond payable becomes 1. additional interest expense the year the bond is sold 2. a reduction in interest expense over the life of the bonds 3. an asset in the year the bonds are

The discount on a bond payable becomes

1. additional interest expense the year the bond is sold

2. a reduction in interest expense over the life of the bonds

3. an asset in the year the bonds are sold

4. a reduction in interest expense in the year the bonds mature

5. additional interest expense over the life of the bonds. 

Apr 09 2021 View more View Less

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