Why bonds are sold for a price plus accrued interest? What happens to accrued interest when bonds

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Why bonds are sold for a price "plus accrued interest"? What happens to accrued interest when bonds are sold by an individual?

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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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Question Posted: Dec 21, 2016 10:28 AM

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Why bonds are sold for a price plus accrued interest? What happens to accrued interest when bonds

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