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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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