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Tutorial   25396

How does the amortization of discount on bonds payable affect each of the following a) Carrying Value of Bond: Increase Net Income: Incr c) Carry...

Question:

How does the amortization of discount on bonds payable affect each of the following   

a)            Carrying Value of Bond: Increase

                                Net Income: Incr             

c)            Carrying Value of Bond:  Increase

                                Net Income: Decr           

c)            Carrying Value of Bond: Decrease

                                Net Income: Decrease

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