Examlex
According to the matching hypothesis,
Interest Expense
The cost incurred by an entity for borrowed funds over a specified period of time.
Bond Discount
Bond discount occurs when a bond is issued for less than its face value, with the discount amount representing the difference between the bond's face value and issued price.
Carrying Value
The book value of assets and liabilities reported on the balance sheet, calculated as original cost less any depreciation, amortization, or impairment costs.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.
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