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Unformatted text preview: payable account. As with the straight-line method of amortization, at the maturity of the bonds, the discount account's balance will be zero and the bond's carrying value will be the same as its principal amount. for interest expense and carrying values over the life of the bond calculated using the effective interest method of amortization...
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This note was uploaded on 12/25/2011 for the course FIN 3312 taught by Professor Staff during the Spring '08 term at Texas State.
- Spring '08