Question: The straight-line method of computing interest is NOT theoretically correct when amortizing the discount or premium and calculating the interest revenue on a bond because:

The straight-line method of computing interest is NOT theoretically correct when amortizing the discount or premium and calculating the interest revenue on a bond because:

Group of answer choices

The amount of interest revenue is a function of time.

The amount of interest revenue is a function of the fair market value of the bond.

The amount of interest revenue is calculated using a decreasing or increasing carrying value.

None of the above.

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