When using the effective-interest method of amortization, the book value of the bonds changes by what amount on each interest payment date?
a. Interest expense
b. Cash interest payment
c. Amortization
d. None of the above
Answer: c. Amortization
When using the effective-interest method of amortization, the book value of the bonds changes by what amount on each interest payment date?
a. Interest expense
b. Cash interest payment
c. Amortization
d. None of the above
Answer: c. Amortization
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