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Harrison Harrison
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6 years ago
Under the effective-interest method of amortizing a bond premium, the interest expense recorded for each semi-annual interest payment:
A) will increase over the life of the bond
B) will decrease over the life of the bond
C) will equal the amount of cash paid for each semi-annual interest payment
D) is at a different percentage of the bond's carrying value for every interest payment
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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