In Practice, Under the Cost/amortized Cost Method and ASPE, Any

question 79

Multiple Choice

In practice, under the cost/amortized cost method and ASPE, any discount or premium on a bond investment is

• A) required to be recognized and reported separately, and amortized using the effective-interest rate method.
• B) not recognized or reported separately; amortized using either the straight-line or effective-interest method.
• C) not recognized or reported separately; amortized using the effective-interest method.
• D) required to be recognized and reported separately, and amortized using the straight-line method.

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