When the Effective-Interest Method Is Used to Amortize Bond Premium

question 50

Multiple Choice

When the effective-interest method is used to amortize bond premium or discount, the periodic amortization will

• A) increase if the bonds were issued at a discount.
• B) decrease if the bonds were issued at a premium.
• C) increase if the bonds were issued at a premium.
• D) increase if the bonds were issued at either a discount or a premium.

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