Multiple Choice
An investor purchased bonds and intends to hold them until the maturity date which is 10 years into the future. The bonds were purchased at a discount and pay interest semiannually. Which journal entry or entries is(are) needed at each interest date?
A) receipt of interest revenue only
B) amortization of bond discount only
C) amortization of bond premium only
D) A and B
Correct Answer:
Verified
Correct Answer:
Verified
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