When the premium on bonds is amortized, the amount of recognized interest expense is
A) greater than the amount of cash paid for interest.
B) equal to the amount of cash paid for interest.
C) equal to the amount of cash paid for interest less the amount of premium amortization.
D) equal to the premium amortization recognized and recorded.
Answer: C) equal to the amount of cash paid for interest less the amount of premium amortization.
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