Question: When the effective-interest method is used to amortize bond premium or discount, the periodic amortization a. increases if the bonds were issued at a premium.

When the effective-interest method is used to amortize bond premium or discount, the periodic amortization
a. increases if the bonds were issued at a premium.
b. decreases if the bonds were issued at a premium.
c.increases if the bonds were issued at either a discount or a premium.
d. increases if the bonds were issued at a discount.

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