Why does the recorded amount of interest expense for the first interest payment differ from the expense

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Why does the recorded amount of interest expense for the first interest payment differ from the expense recorded for other interest payments when bonds are issued between interest payment dates?

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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 03:54 AM

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Why does the recorded amount of interest expense for the first interest payment differ from the expense

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When bonds are sold subsequent to their authorization date and between inter...View the full answer

Intermediate Accounting

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