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The discount on bonds payable increases the amount of cash


Question: The discount on bonds payable:

- increases the amount of cash paid to bondholders over the stated rate of interest.

- decreases the amount of cash paid to bondholders over the stated rate of interest.

- reduces interest expense on the income statement.

- increases interest expense on the income statement.

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Accounting Basics: The discount on bonds payable increases the amount of cash
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