Alpha Corporation issued 20-year bonds payable at a discount in 2013. Will Alpha's net income for 2016 be higher, lower, or the same as it would have been had the bonds been issued at face value? Why?

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The Answer of Alpha Corporation issued 20-year bonds payable at a discount in 2013. Will Alpha's net income for 2016 be higher, lower, or the same as it would have been had the bonds been issued at face value? Why?

Alpha Corporation Issued 20-Year Bonds Payable at a Discount in 2013