Under the effective-interest method of amortizing bond premium,the interest expense recorded for each semiannual interest payment:
A) is at the same percentage of the bonds' carrying value for every interest payment
B) is equal to the carrying value of the bond times the contract rate of interest for one half a year
C) will increase each interest payment date
D) will equal the amount of cash paid for each semiannual interest payment
Correct Answer:
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