Why does the amortization of a bond discount increase interest expense to an amount greater than interest

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Why does the amortization of a bond discount increase interest expense to an amount greater than interest paid? Why does the amortization of a premium have the opposite effect?LO1

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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Question Posted: Jun 13, 2024 02:05 AM

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Why does the amortization of a bond discount increase interest expense to an amount greater than interest

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Financial Accounting

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