Question

Under the effective interest method of amortizing bond premium the interested expense record for each semiannual interest payment

Answer 1

Answer: It is equal to the carrying value of the bond times the effective rate of interest for one-half a year.

Step-by-step explanation:

It is because of the interest recorded for each semiannual interest payment

Answer 2

is equal to the carrying value of the bond times the market rate of interest for each semi-annual period.