Use the straight-line method to account for premium/discount amortization on bonds payable. - In the straight-line method,
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Use the straight-line method to account for premium/discount amortization on bonds payable.
- In the straight-line method, equal amounts of premium or discount are amortized to interest expense each period.
- ASPE allows either the straight-line or the effective interest rate method.
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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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