Shouldn’t we use the following language?
On the balance sheet, when a zero coupon bond is purchased at a discount, we accrete the income annually, and conversely, if we purchase a bond above par, we amortize the premium in future reports?
Shouldn’t we use the following language?
On the balance sheet, when a zero coupon bond is purchased at a discount, we accrete the income annually, and conversely, if we purchase a bond above par, we amortize the premium in future reports?