With the effective interest method of amortization, the amortization of a bond discount results in a(n):
A) Increase in stockholders' equity
B) Decrease in liabilities
C) Increase in interest expense
D) Decrease in interest expense
Answer: C
With the effective interest method of amortization, the amortization of a bond discount results in a(n):
A) Increase in stockholders' equity
B) Decrease in liabilities
C) Increase in interest expense
D) Decrease in interest expense
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