The Straight-Line Method of Amortization Allocates an Increasing Amount to Interest

question 175

True/False

The straight-line method of amortization allocates an increasing amount to interest expense each interest period.

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Definitions:

Balance Carried Forward

The amount of money carried from one period to the next in a financial statement or accounting ledger.

Check Stub

The part of a check that is retained as a record, detailing the amount paid, to whom, and for what purpose.

Balance Brought Forward

A term used in accounting to describe the amount carried over from a previous period or page in a financial statement or ledger.

Check Amount

The numeric value indicating the total funds payable by the check.