1/ Bondholders are the owners of the corporation.

True

False

2/ The process of adjusting the bond interest expense account for any premium or discount is called amortization of the premium or discount.

True

False

3/ The accumulation and investment of money over a period of years that provides the amount necessary for the redemption of a bond issued at its maturity is called a sinking fund.

True

False

4/ If the interest rate on bonds is lower than the current market rate, the bonds will sell at a premium.

True

False