Master Accrued Interest on Bonds (FAR) | Universal CPA Review

Accrued interest is much like paying rent. If you rent an apartment on the 15th of the month, will your landlord require that you pay rent for the entire month? No of course not, your rent payment will get prorated. Accrued interest can be thought of as the portion of that rent payment that is not paid during that month.
This is a very important topic in the bond section of the FAR exam. As always, the Universal CPA Review team has broken this concept out in a systematic problem solving approach so that you don't get overwhelmed when you see these types of questions on the exam!
Are you studying for the CPA Exam? Would you say you’re more of a visual learner that would find video explanations on every single multiple-choice question and task-based simulation to be helpful?
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