(Answered) Question -describe the process of accounting for bonds

Accounting

Question -

Describe the process of accounting for Bonds, including how and why Bond sales "often" (not always) require the accounting for a Premium or Discount, including the Amortization necessary.

Explain why purchasing a Bond at a Premium or Discount is "not better or worse", including explaining the difference between "Market Rate" and "Coupon Rate" of interest paid (or received) and how that impacts the pricing of Bonds.

NEEDS TO BE AT LEAST 600 WORDS (BOTH TOGETHER, NOT EACH).

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