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A company issues $90,000 of 5%,5-year bonds dated January 1 that pay interest semiannually on...

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Accounting

A company issues $90,000 of 5%,5-year bonds dated January 1 that pay interest semiannually on June 30
and December 31 each year. If the issuer accepts $95,000 for the bonds, the $5,000 premium on bonds
payable will
total interest expense recognized over the life of the bond.
increase
not affect
decrease
image

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