How Many of the Following Statements Regarding Amortization of Discounts

Multiple Choice

How many of the following statements regarding amortization of discounts or premiums are true? Under straight-line amortization, when a bond is sold at a premium, the annual premium amortization is the total premium divided by the number of years until bond maturity.
When a bond is sold at a discount, interest expense recorded using the effective-interest method is less than the
Interest paid on the bond.
The effective-interest method of amortization is considered to be conceptually superior to straight -line
Amortization.
When a bond premium is amortized using the effective-interest method, the promised interest payment is less
Than the interest expense, so the bond liability will increase as a result of the contra-liability account decreasing.

A) One
B) Two
C) Three
D) Four