1-)When a bond is sold, the selling price is generally equivalent to the present value of the bond payments

YES OR NO ?

2-)A disadvantage of the corporation is the separation between the owners of the corporation (the stockholders) and the managers of the corporation, which can sometimes result in a conflict of interests

YES OR NO ?

3-)The issue price of a bondwhether it is sold at par, premium, or discounthas no effect on the required principal repayment at maturity

YES OR NO ?

4-)When a long-term note payable that requires annual installment payments is initially recorded, it is first recorded as a long-term note payable. Then, at the same date, a second entry is made to reclassify the current portion.

YES OR NO ?

5-)When a company accrues interest payable on a long-term note at year-end, the interest payable must be shown as a long-term liability on the balance sheet, along with the long-term note payable balance

YES OR NO