If bonds are issued at a premium,the carrying amount of the bonds will be greater than the face value of the bonds until the maturity date.

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When bonds are issued at a premium, it means that the issue price (sale price) of the bond is greater than its face value. As a result, the carrying amount (book value) of the bonds will be greater than the face value until the maturity date. This is because the premium amount is amortized (spread out) over the life of the bond and reduces the effective interest expense, thereby increasing the carrying amount of the bond.

If Bonds Are Issued at a Premium,the Carrying Amount of the Bonds