Why does the interest method of amortizing a discount or premium use the market rate in calculating

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Why does the interest method of amortizing a discount or premium use the market rate in calculating interest expense to be recorded?

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College Accounting A Practical Approach Chapters 1-25

ISBN: 9780133791006

13th Edition

Authors: Jeffrey Slater

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Question Posted: Aug 16, 2023 06:07 AM

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Why does the interest method of amortizing a discount or premium use the market rate in calculating

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The interest method of amortizing a discount or premium on a bond or other debt instrument uses the market rate to calculate interest expense for a sp...View the full answer

College Accounting A Practical Approach Chapters 1-25

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