Business, 01.04.2020 16:57 kam3864

In June 2016, Goslyn Corporation issued a three-year non-interest-bearing note with a face value of $15,000 and received cash of $11,025.00 in exchange. The difference between the face value and the cash proceeds is accounted for as .

A. a premium and amortized over three years by the effective interest method. B. interest expense in the current year. C. a discount and amortized over three years by the effective interest method. D. a discount and amortized over three years by the straight-line method.

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