§ 101.428 - Amortization of debt discount and expense.  


Latest version.
  • A. This account shall include the amortization of unamortized debt discount and expense on outstanding long-term debt. Amounts charged to this account shall be credited concurrently to accounts 181, Unamortized Debt Expense, and 226, Unamortized Discount on Long-Term Debt—Debit.

    B. This account shall be so kept or supported as to show the debt discount and expense on each class and series of long-term debt.