For Bond Amortization, Private Companies Reporting Under ASPE

Multiple Choice

For bond amortization, private companies reporting under ASPE

A) must use the effective-interest method.
B) are not allowed to use the effective-interest method.
C) may use any amortization method they wish, as long as the results do not differ materially from the effective-interest method.
D) may use any amortization method they wish, regardless of the results.