ight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.
ight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 11MC: When a bond sells at a discount, the carrying value ________ after each amortization entry. A....
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If the straight-line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity.
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