15. Ordinarily, the proceeds from the sale of a bond issue will be equal to: A. The face amount of the bond. B. The total of the face amount plus all interest payments. C. The present value of the face amount plus the present value of the stream of interest D. The face amount of the bond plus the present value of the stream of interest payments. 16. How would the carrying value of bonds payable be affected by the amortization of each of payments. the following? a. b. c. Premium No effect No effect Increase Decrease Discount No effect Increase Decrease Increase A. Option A B. Option B C. Option C D. Option D 17. B Corp. has an employee benefit plan for compensated absences that gives employees 10 paid vacation days and 10 paid sick days. Both vacation and sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given for sick days not taken. At December 31, 2011, B's unadjusted balance of liability for compensated absences was $42,000. B estimated that there were 300 vacation days and 150 sick days available at December 31, 2011. B's employees earn an average of S300 per day. In its December 31, 2011, balance sheet, what amount of liability for compensated absences is B required to report? A. $60,000. B. $84,000. C. $90,000. D. $144,000