Question: Which method gives higher interest expense in the last year when the bonds are issued for less than par? Multiple Choice declining balance method of

Which method gives higher interest expense in the last year when the bonds are issued for less than par?

Multiple Choice

declining balance method of accounting for interest expense on bonds

effective interest method of accounting for interest expense on bonds

All the three statements about bonds are correct

straight-line method of accounting for interest expense on bonds

None of the other alternatives are correct

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