What is the carrying value of a bond, Financial Accounting

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What is the carrying value of a bond

Response to the following questions:

1. What type of account is Discount on Bonds?

2. Why does the amortization of a bond discount increase the book value of bonds?

3. Why is the effective-interest amortization method more theoretically appropriate than the straight-line amortization method?

4. What is the carrying value of a bond?

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Financial Accounting: What is the carrying value of a bond

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Financial Accounting: What is the carrying value of a bond

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