Using Straight-Line Amortization,when a Bond Is Sold at a Discount

question 126

Multiple Choice

Using straight-line amortization,when a bond is sold at a discount:

• A)bonds payable declines by a constant amount each year.
• B)interest expense declines by a constant amount each year.
• C)bonds payable net of discount declines by a constant amount each year.
• D)interest expense is a constant amount each year.

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