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(b) (1 Point) Considering the previous information, compare…
(b) (1 Point) Considering the previous information, compare interest expense reported in 2025 under the straight-line method to the amount that would have been reported in 2025 under the effective-interest method. Fill in the blank below with: ‘greater than’, ‘less than’, or ‘same as’. Interest expense reported in 2025 under the straight-line method is the amount that would have been reported if the effective-interest method had been used.
(b) (1 Point) Considering the previous information, compare…
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(b) (1 Pоint) Cоnsidering the previоus informаtion, compаre interest expense reported in 2025 under the strаight-line method to the amount that would have been reported in 2025 under the effective-interest method. Fill in the blank below with: ‘greater than’, ‘less than’, or ‘same as’. Interest expense reported in 2025 under the straight-line method is [compare] the amount that would have been reported if the effective-interest method had been used.