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Which of the following is correct when using the effective-interest method of amortizing the discount on bonds payable? A. Interest expense is computed by subtracting

Which of the following is correct when using the effective-interest method of amortizing the discount on bonds payable?

A. Interest expense is computed by subtracting the portion of amortized discount from the cash interest paid.

B. The amount of interest expense recognized each period increases over time.

C. The book value of the bonds payable liability decreases.

D. The amount of discount amortized each period decreases over time.

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