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