Amortizing a discount on a long-term bond investment will cause:
A) the interest revenue reported on the income statement to exceed the cash received by the investor
B) the interest revenue reported on the income statement to equal the cash received by the investor
C) the cash received by the investor to exceed the interest revenue reported on the income statement
D) the interest revenue reported is not related to the cash received by the investor
Correct Answer:
Verified
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