The result of using the effective interest method of amortization of discount on bonds is that the
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Question:
The result of using the effective interest method of amortization of discount on bonds is that the
a. cash interest payment is greater than the interest expense.
b. interest expense for each amortization period is constant.
c. effective interest rate for each amortization period is constant.
d. amount of interest expense decreases each period.
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