Question: Which method gives higher interest expense in the last year when the bonds are issued for more than par? Multiple Choice straight-line method of accounting

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

Multiple Choice

straight-line method of accounting for interest expense on bonds

declining balance method of accounting for interest expense on bonds

All the three statements about bonds are correct

effective interest method of accounting for interest expense on bonds

None of the other alternatives are correct

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