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

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

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

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Question Posted: Jun 16, 2024 04:04 AM

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

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Financial Accounting A Global Approach

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