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Which of the following statements is correct regarding amortization when using the effective interest rate method? Question 7 Not yet answered Marked out of 2.00 P Flag question Select one: a. Amortization of bond discount decreases in later years relative to earlier years of a bond's life. b. None of other choices. C. Amortization of bond discount results in an increase in interest expense and in an increase in the bond's carrying amount. d. The absolute value of amortization of both bond premium and bond discount decreases in later years relative to earlier years of a bonds life. e. The absolute value of amortization of bond premium decreases in later years relative to earlier years of a bond's life.