Why does a company that issues bonds between interest dates collect accrued interest from the bonds purchasers?

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Why does a company that issues bonds between interest dates collect accrued interest from the bonds’ purchasers? Discuss.

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 08:37 AM

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Why does a company that issues bonds between interest dates collect accrued interest from the bonds purchasers?

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Fundamental Accounting Principles Volume II

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