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Multiple Choice 9-25 Under theeffective interest method of amortization, interest expense is calculated as: a. face value times the stated interest rate. b. carrying value

Multiple Choice 9-25

Under theeffective interest method of amortization, interest expense is calculated as:

a. face value times the stated interest rate.
b. carrying value times the market interest rate.
c. face value times the market interest rate.
d. carrying value times the stated interest rate.

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