The theoretical justification in support of the effective interest method of amortizing a discount is that it represents
A) a stable interest expense.
B) a stable interest rate.
C) an increasing balance in the discount account.
D) an increasing balance in the book value account.
B
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)