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How Would the Amortization of Premium on Bonds Payable Affect $\quad$

Question 52

Multiple Choice

How would the amortization of premium on bonds payable affect each of the following?
Carrying value of
Bond $\quad$ $\quad$ Net Income

A) Increase $\quad$ Decrease
B) Increase $\quad$ Increase
C) Decrease $\quad$ Decrease
D) Decrease $\quad$ Increase

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