If the Straight-Line Method of Amortization Is Used, the Amount

question 121

True/False

If the straight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.

---

Definitions:

Sugar Act

A law passed by the British Parliament in 1764, lowering the duty on imported molasses, aiming to strengthen the collection of trade duties under the Navigation Acts.

Raise Revenue

The process by which governments generate funds, typically through taxes, fees, or levies, to finance public services and projects.

Regulate Trade

The activity of controlling or governing trade between states or countries through laws and regulations to ensure fairness, efficiency, and safety.

Sugar Acts

Legislation passed by the British Parliament in the mid-18th century aimed at regulating the trade of sugar and molasses in the colonies.