1 answer

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

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.


Answers

Answer is ,

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

.

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