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Which correct about effective interest method

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Reference no: EM133001438

Problem 1: Which of the following is correct about the effective interest method of amortization?

Option 1: the effective interest method applied to investments in debt securities is different from that applied to bonds payable
Option 2: amortization of discount decreases from period to period
Option 3: amortization of premium decreases from period to period
Option 4: the effective interest method produces a constant rate of return on the book value of the investment from period to period

Problem 2: Which category includes debt securities

Option 1: marketable equity securities
Option 2: equity investment at fair value through profit or loss
Option 3: equity investment at fair value through other comprehensive income
Option 4: debt investment at amortized cost

Reference no: EM133001438

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