When a bond is issued at a discount, the amount of interest expense for an interest period is calculated by multiplying the amount times the interest rate during the period.
A) face, market
B) face, stated
C) carrying, market
D) carrying, stated

Question

Quizplus · Accepted Answer

When a bond is issued at a discount, the interest expense is calculated using the carrying amount of the bond and the market interest rate.

When a Bond Is Issued at a Discount, the Amount