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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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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