When bonds are issued for capital projects, premiums are generally not accounted for as the mirror image

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When bonds are issued for capital projects, premiums are generally not accounted for as the mirror image of discounts. Why not?

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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Question Posted: Aug 13, 2014 11:46 AM

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When bonds are issued for capital projects, premiums are generally not accounted for as the mirror image

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Government and Not for Profit Accounting Concepts and Practices

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