Using straight-line amortization,when a bond is sold at a discount:
A)Bonds Payable declines by a constant amount each year.
B)Interest Expense declines by a constant amount each year.
C)the carrying value of the bonds declines by a constant amount each year.
D)Interest Expense is a constant amount each year.

Question

Quizplus · Accepted Answer

Using the straight-line method of amortization,interest expense is a constant amount each year.

Using Straight-Line Amortization,when a Bond Is Sold at a Discount