25.1 A five-year term bond was issued on January 1, 2022, at a premium. The carrying amount of the bond on December 31, 2023, would be a. Higher than the carrying amount on January 1, 2022 b. Lower than the carrying amount on December 31, 2024 c. Higher than the carrying amount on December 31, 2024 d. The same as the carrying amount on January 1, 2022

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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25.1 A five-year term bond was issued on January 1, 2022, at a premium. The carrying amount of the bond on December 31, 2023, would be

a. Higher than the carrying amount on January 1, 2022

b. Lower than the carrying amount on December 31, 2024

c. Higher than the carrying amount on December 31, 2024

d. The same as the carrying amount on January 1, 2022

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