Amortizing a bond premium will ________ the premium balance and ________ the carrying value of the bond so that when the bond matures the carrying value will ________ the face value.
A) decrease;increase;be greater than
B) increase;decrease;be greater than
C) decrease;increase;equal
D) decrease;decrease;equal
Correct Answer:
Verified
Q139: Acme Manufacturing retired an issue of bonds
Q140: Debentures are:
A)unsecured bonds.
B)secured bonds.
C)serial bonds.
D)callable bonds.
Q141: The Discount on Bonds Payable account is:
A)a
Q142: The carrying value of bonds payable equals:
A)bonds
Q143: If ABC Company receives $100,000 cash in
Q145: When bonds are issued at a premium,the
Q146: The stated rate:
A)remains the same throughout the
Q147: ABC Company is in the process of
Q148: A bond discount is:
A)a result of the
Q149: The issue price of a bond is:
A)always
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