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Multiple Choice 9-26 Under theeffective interest method of amortization, the amount of discount or premium amortized each interest payment is equal to: a. the difference

Multiple Choice 9-26

Under theeffective interest method of amortization, the amount of discount or premium amortized each interest payment is equal to:

a. the difference between interest expense and interest paid.

b. the original discount or premium divided by the number of interest payments.

c. the carrying value times the market rate of interest.

d. None of these choices are correct.

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