Question: Question Content Area If bonds were initially issued at a discount, the interest expense on the bonds calculated using the effective interest method will a

Question Content Area
If bonds were initially issued at a discount, the interest expense on the bonds calculated using the effective interest method will
a. remain constant throughout the bonds' life.
b. increase as the bonds approach their maturity date.
c. fluctuate throughout the bonds' life.
d. decrease as the bonds approach their maturity date.

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