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Which method gives higher interest expense in the last year when the bonds are issued for more than par? Multiple Choice straight-line method of accounting
Which method gives higher interest expense in the last year when the bonds are issued for more than par?
Multiple Choice
straight-line method of accounting for interest expense on bonds
declining balance method of accounting for interest expense on bonds
All the three statements about bonds are correct
effective interest method of accounting for interest expense on bonds
None of the other alternatives are correct
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