Assume that a firm issues bonds at a discount Multeple Choice Amartization using the straight line method produces a constant yield on the bonds which will be by definition equal to the market rate Amontization of the discount using the straight line method wit decrease the reported interest expense on the income statement None of these statements are correct Amortizaton of the ditcount using the effective interest method will result in a smalier reduction of the Bond Discount in each successive period Amortizaion of bond discount using the effective ine method resuls in an equal interest expense each period