Which of the Following Statements Regarding the Effective-Interest Method of Amortization

Multiple Choice

Which of the following statements regarding the effective-interest method of amortization is incorrect?

A) The amount of interest expense is different each period.
B) The amount of discount or premium that is amortized increases each period.
C) It is one of the options according to generally accepted accounting principles.
D) The total interest expense over the life of a bond is the same as that reported under the straight-line method of amortization.