Answered

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Under the effective interest method of amortizing bond premium the interested expense record for each semiannual interest payment

Sagot :

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Answer:

is equal to the carrying value of the bond times the market rate of interest for each semi-annual period.

Answer: It is equal to the carrying value of the bond times the effective rate of interest for one-half a year.

Explanation:

It is because of the interest recorded for each semiannual interest payment

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