14-The market price of a bond is dependent on: (a) the payment amounts. (b) the length of time until the amounts are paid. (e) the interest rate. (d) All of the above 15-On January 1, Hurley Corporation issues $500,000, 5-year, 12% bonds at 96 with interest payable on July 1 and January 1. The entry on July 1 to record payment of bond interest and the amortization of bond discount using the straight-line method will include a: (a) debit to Interest Expense $30,000. (b) debit to Interest Expense $60,000. (c) credit to Discount on Bonds Payable $4,000. (d) credit to Discount on Bonds Payable $2,000 16-A major disadvantage of a corporation is: (a) limited liability of stockholders. (b) additional taxes. (c) transferable ownership rights. (d) separate legal existence. 17-Which of the following statements is false? . (a) Ownership of common stock gives the owner a voting right. (b) The stockholders' equity, section begins with a paid-in capital section. (c) The authorization of capital stock does not result in a formal accounting entry. (d) Par value and market price of a company's stock are always the same