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Bonds That Were Authorized on January 1,2014,and That Pay Interest

Question 44

Multiple Choice

Bonds that were authorized on January 1,2014,and that pay interest on January 1 and July 1 of each year were issued on October 1,2014.If the issuer's accounting year ends on December 31,how many months would any discount or premium be amortized in 2014?


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

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