Which of the following statements is true concerning the handling of discounts and premiums for bonds that are part of an estate at the time of death?
A) Straight-line amortization is normally used to amortize discounts and premiums.
B) Effective amortization is the preferred method.
C) Either straight-line or effective amortization can be used.
D) Discounts and premiums are not amortized.
Correct Answer:
Verified
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