Why is the year-end adjusting entry for amortization of a bond premium or discount reversed at the

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Why is the year-end adjusting entry for amortization of a bond premium or discount reversed at the start of the new year?

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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Question Posted: Jul 14, 2018 09:14 AM

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Why is the year-end adjusting entry for amortization of a bond premium or discount reversed at the

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College Accounting Chapters 1-30

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