The result of using the effective interest rate method of amortization of the discount on bonds is
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The result of using the effective interest rate method of amortization of the discount on bonds is that
a. a constant interest rate is charged against the debt carrying value.
b. the amount of interest expense decreases each period.
c. the interest expense for each amortization period is constant.
d. the cash interest payment is greater than the interest expense.
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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