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The effective interest method of amortization: A. is required, even if it achieves results similar...

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Accounting

The effective interest method of amortization:

A. is required, even if it achieves results similar to the straight-line method. B. results in a level amount of interest expense over the life of a bond. C. causes interest expense to be a constant percent of the carrying value of a bond. D. will never produce results similar to the straight-line method. E. None of these.

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