INTEREST METHOD - (1) Under the interest method of amortization, an amount of interest equal to the carrying amount of the investment times the effective interest rate is calculated for each accounting period.
They wanted to make sure their investments were solid.
mnli hypothesis: They wanted to make sure their investments were solid. premise: INTEREST METHOD - (1) Under the interest method of amortization, an amount of interest equal to the carrying amount of the investment times the effective interest rate is calculated for each accounting period.