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A. What are the differences between the straight-line method of amortization of a premium (or discount) on bonds payable and the effective rate method? B.

A. What are the differences between the straight-line method of amortization of a premium (or discount) on bonds payable and the effective rate method? B. Can an auditing client use either method? C. What is the position of the AICPA with regards to GAAP. Explain. Hint: Consult Appendix A of Chapter 14

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