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Listed below are five terms followed by a list of phrases that describe or characterize the terms. Match each phrase with the most correct term by placing the letter designating that term in the space provided. Bond interest expense, computed In accordance with GAAP, is: A. The effective interest rate times the face amount of the debt. B. The stated Interest rate times the amount of the debt outstanding during the interest period. C. The effective Interest rate times the amount of the debt outstanding during the interest period. D. The stated interest rate times the face amount of the debt. Bonds usually are issued at their: A. Maturity value. B. Present value. C. Face value. D. Face value if the company has been consistently profitable. When bonds are issued a discount and the effective interest method is used, at each subsequent interest payment date, the interest expense: A. Increases. B. Decreases. C. Remains the same. D. Is taster to calculate. Zero-coupon bonds A. impact other comprehensive income. B. result in zero Interest expense for the issuer C. offer a return in the form of a deep discount off the face value D. are reported as shareholders' equity by the issuer. Bonds payable are usually reported as a long-term liability in the balance sheet of the issuing corporation at the A. Face amount puce less any unamortized premium or plus any unamortized discount. B. Current bond market puce. C. Face amount less any unamortized discount or plus any unamortized premium. D. Face amount less accrued interest since the last interest payment date

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