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Bonds usually sell at a price that is different from the bond's face value. When...

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Accounting

Bonds usually sell at a price that is different from the bond's face value. When this happens, the bonds are sold at a discount or premium. Discuss the market forces that would cause a bond to sell at a price that is different from its face value.

When should a company disclose extraordinary items on their income statement? Why do you think that this disclosure is made after income from operations on the income statement?

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