The Interest Expense Recorded on an Interest Payment Date Is

question 108

Multiple Choice

The interest expense recorded on an interest payment date is increased

• A) by the amortization of premium on bonds payable.
• B) by the amortization of discount on bonds payable.
• C) only if the bonds were sold at face value.
• D) only if the market rate of interest is less than the stated rate of interest on that date.