$1.$Bonds issued on the basis of the general credit of the corporation are called secure bonds$\_\_\_\_\_\_\_\_\_\_$ false$2.$When the total amount of a bond issue matures at a certain date, the bonds are called serial bonds$\_\_\_\_\_\_\_\_\_$ false$3.$When the total amount of a bond issue matures at a certain date, the bonds are called term bonds$\_\_\_\_\_\_\_\_$false$4.$Bondholder claims for interest and repayment rank behind the claims of stockholders$\_\_\_\_\_\_\_\_\_\_\_$true$5.$When corporation issues bonds, it executes a contract with the bondholder know as a bond indenture true $6.$When corporation issues bonds, it executes a contract with the bondholder know as a bond debenture$\_\_\_\_\_\_\_\_\_$false$7.$The concept of present value is that the amount of cash to be received at some date in the future is the equivalent of the same amount of cash held at an earlier date$\_\_\_\_\_\_\_\_\_\_\_$ false$8.$The concept of present value is that the amount of cash to be received at some date in the future is not equivalent of the same amount of cash held at an earlier date$\_\_\_\_\_\_\_\_\_\_\_$ true$9.$If the market rate of interest is $11\%$ and a corporations bond bear interest at $10\%,$ the bonds will sell at a discount$\_\_\_\_\_\_\_\_\_$ true$10.$If the market rate of interest is $11\%$ and a corporations bond bear interest at $10\%,$ the bonds will sell at a premium$\_\_\_\_\_\_\_\_\_$ true$11.$If the market rate of interest is $9\%$ and a corporations bond bear interest at $10\%,$ the bonds will sell at apremium$\_\_\_\_\_\_\_\_\_$false$12.$If the market rate of interest is $13\%$ and a corporations bond bear interest at $11\%,$ the bonds will sell at a premium$\_\_\_\_\_\_\_$ false$13.$Premium on bonds payable may be amortized by the straight$-$line method if the results obtained by its use do not materially differ from the results obtained by use of the interest method$\_\_\_\_\_\_\_\_\_\_\_$ true$14.$Discount on bonds payable may be amortized by the straight$-$line method if the results obtained by its use do not materially differ from the results obtained by use of the interest method$\_\_\_\_\_\_\_\_\_\_\_$ false$15.$Premium on bonds payable may be amortized by the straight$-$line method even if the results obtained by its use do not materially differ from the results obtained by use of the interest method$\_\_\_\_\_\_\_\_\_\_\_\_$ true$16.$If the straight$-$line method of amortization is used, the amount of unamortized premium on bonds payable will decrease as the bonds approach maturity$\_\_\_\_\_\_\_\_\_\_$ false$17.$If the straight$-$line method of amortization is used, the amount of unamortized discount on bonds payable will decrease as the bonds approach maturity$\_\_\_\_\_\_\_\_\_\_$ true$18.$If the straight$-$line method of amortization of discount on bonds payable is used, the amount of yearly interest expense will increase as the bonds approach maturity$\_\_\_\_\_\_\_\_\_\_$true$19.$If the straight$-$line method of amortization of discount on bonds payable is used, the amount of yearly interest expense will remain the same as the bonds approach maturity$\_\_\_\_\_\_\_\_\_\_\_$ true$20.$If the interest method of amortization is used, the amount of the periodic amortization of premium on bonds payable will increase as the bonds approach maturity$\_\_\_\_\_\_\_\_\_\_\_$ false$21.$Premium on bonds must be amortized over the life of the bonds false$22.$The effective interest method of amortization is not an acceptable method under GAAP false$\_\_\_\_\_\_\_\_23.$The double declining balance method is an acceptable method of amortization discount on bonds true$24.$Effective and market rate means the same thing$\_\_\_\_\_\_\_\_\_\_\_\_$false$25.$Contract and coupon rate means the same thing$\_$false