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Which of the following statements is FALSE? Under the straight - line method, interest expense should be the same at each of the interest dates.
Which of the following statements is FALSE?
Under the straightline method, interest expense should be the same at each of
the interest dates.
Accounting for debt issue costs should result in lower carrying value of the
bonds at bond issuance date.
For bonds firissued at a premium, the effective interest should increase over time.
Interest expense of installment notes should decrease over time.
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