The benefit of the ________ approach to firm valuation is that it allows us to segregate the value of a firm if it is all-equity, and the value of the tax benefits of debt

When the effective-interest method is used, the amortization of the bond premium

A) increases interest expense each period B) decreases interest expense each period C) increases interest expense in some periods and decreases interest expense in other periods D) has no effect on the interest expense in any period

By law, bystanders are always required to help others in peril

a. True b. False Indicate whether the statement is true or false