How would the outstanding balance (book value) of bonds payable be affected by the amortization...

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Accounting

How would the outstanding balance (book value) of bonds payable be affected by the amortization of each of the following?

Premium Discount
a. No effect No effect
b. No effect Increase
c. Increase Decrease
d. Decrease Increase

Multiple Choice

  • Option A

  • Option B

  • Option C

  • Option D

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