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Using Straight-Line Amortization,when a Bond Is Sold at a Discount

Question 126

Multiple Choice

Using straight-line amortization,when a bond is sold at a discount:


A) bonds payable declines by a constant amount each year.
B) interest expense declines by a constant amount each year.
C) bonds payable net of discount declines by a constant amount each year.
D) interest expense is a constant amount each year.

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