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Bonds That Were Authorized on January 1, 2011, and That

Question 36

Multiple Choice

Bonds that were authorized on January 1, 2011, and that pay interest on January 1 and July 1 of each year were issued on October 1, 2011. If the issuer's accounting year ends on December 31, how many months would any discount or premium be amortized in 2011?


A) 3 months
B) 6 months
C) 9 months
D) 12 months

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