For Bond Amortization, Private Companies Reporting Under ASPE

question 60

Multiple Choice

For bond amortization, private companies reporting under ASPE

• A)must use the effective-interest method.
• B)are not allowed to use the effective-interest method.
• C)may use any amortization method they wish, as long as the results do not differ materially from the effective-interest method.
• D)may use any amortization method they wish, regardless of the results.

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