When a Bond Is Issued at a Discount

question 123

Multiple Choice

When a bond is issued at a discount:

• A)the carrying value of the bond increases each semiannual interest period.
• B)the carrying value of the bond decreases each semiannual interest period.
• C)the carrying value of the bond remains the same each semiannual interest period.
• D)the carrying value is always equal to the par value each semiannual interest period.

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