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When bonds are issued at a discount and interest expense is recorded at the effective interest rate, interest expense in the earlier years of the

When bonds are issued at a discount and interest expense is recorded at the effective interest rate, interest expense in the earlier years of the term to maturity will be

  • Less than the cash interest payments made.

  • Less than if the straight-line method were used.

  • Greater that if the straight-line method were used.

  • The same as if the straight-line method were used.

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