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If a bond has a face value of $10,000, fair value of $10,500, a 4% coupon interest rate and a 6% market interest rate, then the semi-annual interest payment will be Select one: O a. $600 O b. $400 O c. $200 O d. $300 Which financial statement reports on an organization's operations over a period of time. Select one: O a. Trial Balance O b. Income Statement O c. Cash Flow Statement O d. Statement of Owner's Equity e. Statement of Financial Position Which one of the following statements is correct? Select one: O a. An income statement shows information for a specific point of time and a balance sheet shows changes over an accounting period O b. A statement of cash flows summarizes cash inflows and outflows for a business over an accounting period O c. A statement of owner's equity is typically prepared before an income statement O d. Both an income statement and a statement of owner's equity shows financial information for a single point of time Mind Med Ltd. purchased equipment for $290,500 cash. Shipping and testing of the equipment is $25,000. Cannabis purchases a 1-year insurance policy on the equipment for $1,500. What amount does Cannabis Medical record as the cost for the equipment? Select one: O a. $292,000 O b. $290,500 O c. $317,000 O d. $315,500

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