Hello,
Under US GAAP, would costs incurred in issuance of bonds be included in the measurement of the bond liability or expensed when incurred?
AFAIK, they’re included as an asset and amortized over the life of a bond.
Yup: a prepaid expense.
Hello,
Under US GAAP, would costs incurred in issuance of bonds be included in the measurement of the bond liability or expensed when incurred?
AFAIK, they’re included as an asset and amortized over the life of a bond.
Yup: a prepaid expense.