Cal. Code Regs. tit. 2 § 1061.13
Current through Register 2024 Notice Reg. No. 43, October 25, 2024
Discount and expense on bonds issued may be charged against operations in the year of issue, or may be amortized over the life of the bonds. Bond premium is also subject to optional treatment.
Accrued interest received on the sale of bonds is credited to the interest expense account.
Cal. Code Regs. Tit. 2, § 1061.13