When a bond is issued at a discount,the interest expense each year is less than the cash payment for interest.

Name: When a bond is issued at a discount,the interest expense each year is less than the cash payment for interest.
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When a bond is issued at a discount, the interest expense each year is greater than the cash payment for interest because it includes both the cash interest payment and the amortization of the discount, which increases the total interest expense recognized each year.

When a Bond Is Issued at a Discount,the Interest Expense