Question: if bonds are issued initially at a premium and the effective interest method of amortization is used, interest expense in the earlier years will be
if bonds are issued initially at a premium and the effective interest method of amortization is used, interest expense in the earlier years will be
a. greater than if th straight line methid werr used
b. greater than if the amount of interst payments
c. the same as if the straight line method were used
d. less than if the straight line method were used
for extra point, please support your answer.
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