If a bond is issued for slightly more than its face amount there will be a small amount of bond premium. This form teaches you how to allocate the premium on bonds payable to interest expense over the life of the bond. Learn why the premium amortization reduces the bond's interest expense.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
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