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  3. Study Set
    Introduction to Financial Accounting
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    Exam 9: Liabilities and Interest
  5. Question
    The Effective-Interest Method of Amortization Keeps Interest Expense at the Same
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The Effective-Interest Method of Amortization Keeps Interest Expense at the Same

Question 96

Question 96

True/False

The effective-interest method of amortization keeps interest expense at the same percentage of the bond's carrying value for every interest payment over the bond's life.

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