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Question 4 How would the carrying value of bonds payable be affected by the...

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Accounting

Question 4
How would the carrying value of bonds payable be affected by the amortization of each of the following?
Amortization of premium: carrying value decreased; amortization of discount: no effect on carrying value
Amortization of premium: carrying value decreased; amortization of discount: carrying value increased
Amortization of premium: no effect on carrying value; amortization of discount: carrying value increased
Amortization of premium: carrying value increased; amortization of discount: carrying value decreased
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