Multiple Choice
When the effective-interest method is used to amortize bond premium or discount, the periodic amortization will
A) increase only if the bonds were issued at a discount.
B) decrease only if the bonds were issued at a premium.
C) increase only if the bonds were issued at a premium.
D) increase if the bonds were issued at either a discount or a premium.
Correct Answer:
Verified
Correct Answer:
Verified
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