Question: What is the primary conceptual difference between the straight-line and effective- interest methods of amortizing a discount or premium on a bond or note payable?

What is the primary conceptual difference between the straight-line and effective- interest methods of amortizing a discount or premium on a bond or note payable? Why is the effective-interest method required?

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What is the primary conceptual difference between the straight-line and effective interest methods of amortizing bond discount and premium?

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