Ask Question
28 September, 00:41

The interest expense recorded on an interest payment date is increased: a. Only if the market rate of interest is less than the stated rate of interest on that date only if the bonds were sold at face value. b. By the amortization of premium on bonds payable c. By the amortization of discount on bonds payabled. Only if the bonds were sold at face value

+5
Answers (1)
  1. 28 September, 03:51
    0
    c. By the amortization of discount on bonds payabled

    Explanation:

    The interest expense recorded on an interest payment date is increased by the amortization of discount on bond payable as discount on bond payable is credited for amortization and interest expense is debited.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The interest expense recorded on an interest payment date is increased: a. Only if the market rate of interest is less than the stated rate ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers