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  3. Study Set
    Fundamental Financial Accounting Concepts
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    Exam 10: Accounting for Long-Term Debt
  5. Question
    The Effective Interest Rate Method of Amortizing Bond Premium or Discount
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The Effective Interest Rate Method of Amortizing Bond Premium or Discount

Question 77

Question 77

True/False

The effective interest rate method of amortizing bond premium or discount results in a constant amount of interest expense every period.

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