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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 10: Accounting for Long-Term Debt
  5. Question
    If a Bond Discount Is Amortized Using the Effective Interest
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If a Bond Discount Is Amortized Using the Effective Interest

Question 23

Question 23

True/False

If a bond discount is amortized using the effective interest method,the total amount of interest recognized over the life of the bond is the same as if the straight-line method is used.

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