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A bond was issued on March 1, 2021. The interest dates of the bond are...

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Accounting

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A bond was issued on March 1, 2021. The interest dates of the bond are February 1 and August 1. The number of total months of interest expense incurred for the year ended December 31, 2021 should be? I ) The condition for bond issued at a premium is that the market rate is less than the effective interest rate of interest. (True/False)

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