Which of the following statements is true: 1. Straight line interest method on bonds gives a higher interest in the first year than effective Interest if bonds are issued at a discount; ii. When bonds are issued for more than par, straight line interest method gives higher interest expense in the last year than using effective interest rate; ill. Straight line Interest ylelds a constant Interest expense but a changing Interest rate. Multiple Choice 1) is true but ll) and Ill) are false I) and ll) are true but II) is false O I) and III) are true but II) is false O O All of these are true All of these are false O