What are bonds-how does issuing bonds above or below their par value affect the amount of interest expense recorded each accounting period?

Accounting

Additionally, here are some topics to consider:
• How does the intent of management (as to length of time) impact how investments are reported?
• What are bonds, and how does issuing bonds above or below their par value affect the amount of interest expense recorded each accounting period?
• What are the key assumptions upon which accounting depends?
• What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to grasp? Post questions in the homework discussion thread