As time passes, a bond liability creates interest expense, which Multiple Choice may be matched to...

Question

Question

As time passes, a bond liability creates interest expense, which

Multiple Choice

may be matched to each period in which the liability is owed, but it depends on whether the company is following ASPE or IFRS.
need not be matched to each period in which the liability is owed.
is matched to each period in which the liability is owed.

Answer 1

Answer #1

Answer is ,

As time passes, a bond liability creates interest expense, which is matched to each period in which the liability is owed.

Answer 2

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