When bonds are issued at a premium (above face amount),the carrying value and the corresponding interest expense increase over time.

Name: When bonds are issued at a premium (above face amount),the carrying value and the corresponding interest expense increase over time.
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When bonds are issued at a premium, the carrying value decreases over time as the premium is amortized, leading to a decrease in interest expense.

When Bonds Are Issued at a Premium (Above Face Amount),the