If Bonds Are Issued Initially at a Premium and the Effective-Interest

Multiple Choice

If bonds are issued initially at a premium and the effective-interest method of amortization is used, interest expense in the earlier years will be

A) greater than if the straight-line method were used.
B) greater than the amount of the interest payments.
C) the same as if the straight-line method were used.
D) less than if the straight-line method were used.