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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
How does a company account for the difference between interest expense and the cash payment of interest when bonds are issued at less than their face value?
A) The difference is accounted for using Amortization of Bond Discount.
B) The difference is accounted for using Amortization of Bond Premium.
C) In this situation the cash payment of interest will exceed interest expense.
D) None of the above answers are correct.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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AlexmosutheAlexmosuthe
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6 years ago
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4 years ago
thank you
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