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Which of the following is correct about the effective-interest method of amortization? Group of answer choices: It must be used to amortize a discount or

Which of the following is correct about the effective-interest method of amortization?

Group of answer choices:

It must be used to amortize a discount or premium under US GAAP.

The amount of amortization of a discount decreases from period to period.

The amount of amortization of a premium decreases from period to period.

The effective-interest method applied to investments in debt securities is different from that applied to bonds payable.

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