When bonds were initially sold at a discount,interest expense increases as the bonds reach maturity.

Question

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When bonds are sold at a discount, interest expense is recognized over the life of the bonds, which means that it increases as the bonds reach maturity. This is because as the bonds near maturity, the discount must be gradually amortized, which reduces the amount of interest expense that is recognized each period.

When Bonds Were Initially Sold at a Discount,interest Expense Increases