ACCT207 Chapter 10 Practice Questions

54680 cf cdrl 0t e none of the above is correct

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54,680 Cf 'C^drL *0,{:t* e. None of the above is correct tUtteye* 17. The amortization of bond premium by the issuer will -k increase interest expense A, decrease interest expense c. have no effect on interest expense d. determine the cash paid for interest b. c. o e. c. d. year. e. decreases each year changes from year to year depending upon the market rate of interest each None of the above is correct E(rlo00x-o1 z :ry:- Ptu e. None of the above is correct 18' lf a bond payable is sold (issued) at a discount, the amount of the carrying value (the long-term riabirity) reported on the subsequent batance sheets -*_ remains constant (!) increases each year
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19. When a bond investment is sold (issued) at a discount, subsequent amortization of the discount increases interest payment decreases interest payment has no effect upon payment Answer key to Ch 10: a. b. o 1.8 2.A 3.B 4,8 5,A 6.D 7. E 8.A 9.C 10. B 11. B L2, B 13. C 14. D 15. D L6. A 17. B 18. B L9. C 20. A ch. 10 ch. L0 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 10 ch. 1_0 ch. 10 ch. 10 ch. 10 ch. 10
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