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Straight-line amortization of bond discount or premium: Multiple Choice Is...

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Accounting

Straight-line amortization of bond discount or premium:
Multiple Choice
Is appropriate for deep discount bonds.
Provides the same amount of interest expense each period as does the effective interest method.
Incorrect
Can be used for amortization of discount or premium in all cases and circumstances.
Provides the same total amount of interest expense over the life of the bond issue as does the effective interest method.

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