If Bonds Are Initially Sold at a Discount and the Straight-Line

question 158

Multiple Choice

If bonds are initially sold at a discount and the straight-line method of amortization is used, interest expense in the earlier years will be

• A)higher than it would have been had the effective interest method of amortization been
• Used.
• B)less than it would have been had the effective interest method of amortization been
• Used.
• C)the same as it would have been had the effective interest method of amortization been
• Used.
• D)less than the stated rate of interest.

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