Question 8 - If the rate of interest on bonds is lower that the current...
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Accounting
Question 8 - If the rate of interest on bonds is lower that the current market rate, the bonds will sell at
| a discount. | |
| a premium. | |
| face value. | |
| maturity value. |
T
(2pts)
Question 10 - The carrying value of bonds is calculated by
| subtracting the premium on bonds payable account balance from the bonds payable account balance. | |
| adding the premium on bonds payable account balance to the bonds payable account balance. | |
| adding the discount on bonds payable account balance to the bonds payable account balance. | |
| adding the bonds payable account balance to the bond interest payable account balance. |
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