Under private entity GAAP, interest income and the amortization of discounts and premiums for financial assets must be accounted for using the

Name: Under private entity GAAP, interest income and the amortization of discounts and premiums for financial assets must be accounted for using the
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Under private entity GAAP, the straight-line or the effective interest method can be used to account for interest income and the amortization of discounts and premiums for financial assets.

Under Private Entity GAAP, Interest Income and the Amortization of Discounts