Sonia Co. failed to amortize the premium on an outstanding five-year bond issue. What is...
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Accounting
Sonia Co. failed to amortize the premium on an outstanding five-year bond issue. What is the resulting effect on interest expense and the bond book value, respectively?
a. Understated, understated.
b. Understated, overstated.
c. Overstated, understated.
d. Overstated, overstated.
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