Which of the following is correct about the effective-interest method of amortization?
A) The effective-interest method applied to debt investments is different from that applied to bonds payable.
B) Amortization of a discount decreases from period to period.
C) Amortization of a premium decreases from period to period.
D) The effective-interest method applies the effective-interest rate to the beginning carrying amount for each interest period.
Correct Answer:
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