Recording Bonds under GAAP

The video tutorial explains how to record a bond issuance under GAAP principles. It covers the impact on the balance sheet, including asset inflow and liability recording, and how to handle bonds issued at face value, discount, or premium. The tutorial also discusses the income statement, focusing on financing activities and revenue. Lastly, it addresses issuance costs, detailing their treatment as deferred charges and their effect on net revenue.

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