When an enterprise issues debt obligations, they may be sold at a discount from their maturity value. For accounting purposes, this discount is amortized to income as an addition to interest expense. What is the required treatment of such discount amounts for income tax purposes?

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The Answer of When an enterprise issues debt obligations, they may be sold at a discount from their maturity value. For accounting purposes, this discount is amortized to income as an addition to interest expense. What is the required treatment of such discount amounts for income tax purposes?

When an Enterprise Issues Debt Obligations, They May Be Sold