Under IFRS, a company can use the straight-line method when amortizing bond discounts and premiums. True False Question 2 (1 point) When amortizing a premium using the effective interest rate method, interest expense will be lower than the interest paid during the year. True False Question 3 (1 point) Under IFRS, if a company producing inventory has a usage decommissioning provision, when it records this type of provision it will also record a debit to inventory or cost of goods sold. True False Question 4 (1 point) When a loss carry back is applied to a prior year where the income tax rate in the carry back year is less than the current income tax rate, this will increase the effective income tax rate in the current year. True False