The straight-line method of amortization of discounts and premiums for long-term notes
A) is allowed by both IFRS and ASPE.
B) reflects the economic reality of the loan.
C) is only allowed by ASPE.
D) requires more complicated calculations than the effective interest method.

Question

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The Answer of The straight-line method of amortization of discounts and premiums for long-term notes
A) is allowed by both IFRS and ASPE.
B) reflects the economic reality of the loan.
C) is only allowed by ASPE.
D) requires more complicated calculations than the effective interest method.

The Straight-Line Method of Amortization of Discounts and Premiums for Long-Term