DirectTV is the largest provider of direct to home digital television services and the second largest provider in the multichannel video programming distribution industry in the United States It provides over 16 million subscribers with access to hundreds of channels of digital quality video pictur...

When a bond is sold for a premium the amount of cash ...

DirectTV is the largest provider of direct-to-home digital television services and the second largest provider in the

Question:

DirectTV is the largest provider of direct-to-home digital television services and the second largest provider in the multichannel video programming industry in the United States. It provides over 16 million subscribers with access to hundreds of channels of digital-quality video pictures and CD-quality audio programming that it transmits directly to subscribers’ homes via high-powered geosynchronous satellites. The company’s annual report contained the following note:
Long-Term Debt
The unamortized bond premium included in total debt for the current year was $2.8 million and $3.1 million for the prior year.
Required:
Explain why the unamortized premium is included in total debt and why the premium decreased in amount from one year to the next.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...