When working with bonds issued between interest dates, the accountant must ________.
A) reevaluate the actual interest rate for the entire amortization table
B) assume that the bonds were issued on the intended issue date
C) adjust the first period of the amortization table
D) omit the first interest period from the amortization table

Question

Quizplus · Accepted Answer

When bonds are issued between interest dates, the accountant must adjust the first period of the amortization table to account for the accrued interest that has already been earned but not yet paid.

When Working with Bonds Issued Between Interest Dates, the Accountant