Question: Under the effective interest method, interest expense a. always decreases each period that the bonds are outstanding. b. always increases each period that the bonds

Under the effective interest method, interest expense a. always decreases each period that the bonds are outstanding. b. always increases each period that the bonds are outstanding. c. is the same total amount as straight-line interest expense over the term of the bonds. d. is the same annual amount as straight-line interest expense

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