M -2 Which of the following is NOT TRUE? Select one: a. If the stated rate is equal to the market rate on the issuance date of a bond, no premium or discount on the bond will need to be recorded. O b. Private companies are required to amortize bonds payable using the effective-interest method. c. Public companies are required to amortize bonds payable using the effective-interest method. O d. All of the listed answers are not true. Notes