If bonds have been issued at a premium, then over the life of the bonds the
A) carrying amount of the bonds will decrease.
B) carrying amount of the bonds will increase.
C) unamortized discount will increase.
D) interest expense will remain unchanged.

Question

Quizplus · Accepted Answer

When bonds are issued at a premium, the carrying amount decreases over time as the premium is amortized.

If Bonds Have Been Issued at a Premium, Then Over