23.2 Which of the following is NOT TRUE? Salect one a. I the stated rate is equal to the market rate on the issuance date of a bond, no premium or discount on the bond will need to be recorded O b. Private companies are required to amortize bonds payable using the effective-interest method O c. Public companies are required to amortizo bonds payablo using the ottective-interest method: Od. All of the listed answers are not true NO Which of the following is TRUE? Select one: O a When the carrying value of a bond is loss than its retirement price, a gain on early debt retirement will be recorded b. A convertible bond allows for a bond to be converted at a future date into shares of the issuor's common shares O c. Interest payments to debtholders are not required to be paid if the company reports a not loss and subsequently no income O d. None of the listed answers are true 2 Which of the following statements is TRUE? Select one: O a Dividends and interest are both expenses related to corporate financing b. The statement of changes in equity statement reports dividends declared, as well as all gains or losses on disposal of long-lived assets Oc Once a cash dividend is declared the corporation has a liability payable to its shareholders until the dividend is paid. d. Stock dividends on common shares do not affect rotained earnings Notes