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?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:39 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

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