value: Required information 12.50 points Lecture Video Assessment 10-54 [LO 06 I

Question

value: Required information 12.50 points Lecture Video Assessment 10-54 [LO 06 If a company uses the effective interest rate method the amount of a bond discount on the maturity date immediately after the last amortization is recognized will be the same as it would have been if the company had used the straight-ine method. O more than it would have been if the company had used the straight-line method less than it would have been if the company had used the straight-ine method O The answer cannot be determined from the information provided. References Multiple Choice Lecture Video Assessment 10-54 [LO 06)

Explanation / Answer

The amount of Bond disount after last amortization will be same after last amortization under both methods which is zero Option 1 is correct

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