Geoff doesn't understand why the interest expense recorded is higher than the cash paid for interest when

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Geoff doesn't understand why the interest expense recorded is higher than the cash paid for interest when bonds are issued at a discount and why the interest expense is lower than the cash paid when bonds are issued at premium. Explain this to Geoff.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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