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If a bond is purchased at a premium and the straight-line amortization method is used,...

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Accounting

If a bond is purchased at a premium and the straight-line amortization method is used, then: Question 6 options: the amortization will remain constant over the life of the bond. the premium amortized each year will decrease over the life of the bond. the premium amortization will result in an increase in interest income. the premium amortization will result in a decrease in interest expense. None of these

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