If Bonds Have Been Issued at a Discount, Then Over

question 150

Multiple Choice

If bonds have been issued at a discount, then over the life of the bonds the

• A)carrying value of the bonds will decrease.
• B)carrying value of the bonds will increase.
• C)interest expense will increase if the discount is being amortized on a straight-line basis.
• D)unamortized discount will increase.

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Definitions:

Future

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International Sale of Goods Act

A set of rules governing the sale of goods in international trade agreements, ensuring a degree of uniformity.

Canadian Jurisdiction

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Consumer Protection Act

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