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If you sold bonds at issuance for a discount and the straight line method is used to amortize, in the early years, interest expense will
If you sold bonds at issuance for a "discount" and the "straight line" method is used to amortize, in the early years, interest expense will be: A. the same as it would have been had the effective interest method of amortzation been used.
B. less than it would have been had the effective-interest method of amortization been used.
C. less than the stated rate of interest.
D. higher than it would have been had the effective interest method of amortization been used.
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