QUESTION 6 Choose the term that correctly completes each sentence You may not us

Question

QUESTION 6 Choose the term that correctly completes each sentence You may not use a term at all or you may use it several times E. A premium will the carrying value of the bond the amount of interest expense the carrying value to the bond the amount of interest expense A increase B decrease C have no affect on The amortization of a premium will ·The amortization of the premium will ET The amortization of a discount will the carrying value of the bond A discount will The amortization of the discount will the carrying value of the bond

Explanation / Answer

1) A Premium will Increase the Carrying value of the bond.

2) The amortization of Premium will decrease the amount of interest expense

3) The amortization of Premium will decrease the carrying value of the bond.

4) The amortization of Discount will increase the amount of interest expense.

5) A Discount will decrease the carrying value of the bond.

6) The amortization of Discount will Increase the carrying value of the bond.

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