Why do bond discounts and bond premiums arise at the time of sale?

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 12, 2012 03:53 AM

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Why do bond discounts and bond premiums arise at the time of sale?

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If bonds are sold below their face value they are issued at a discountthe amount of the ...View the full answer

Intermediate Accounting

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