Explain the effect of this on the life of the bonds is


I need help answering week 2 discussion question in ACCT 221. Thank you for your help.

Discounts and Premiums:

Situation: Bonds are issued at a discount. Explain the effect of this on the life of the bonds, is carrying value of the bonds affected? Is interest expense increased or decreased?

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Accounting Basics: Explain the effect of this on the life of the bonds is
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