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When bonds are issued at a premium, the bond premium:

a. reduces the amount of interest expense over the life of the bonds.

b. increases the amount of interest expense over the life of the bonds.

c. does not change the amount of interest expense over the life of the bonds.

d. is charged to interest expense when the bond is issued.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957268

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