24 25. A bond issued at a discount (a) will result in interest expense greater than interest paid. (b) will result in interest expense less than interest paid. (c) Indicates that the market rate is less than the face rate. (d) will result in a decreasing carrying value. 28. 36. On June 1, 2020 the ABC Co. bought back 100 shares of its common stock at $43 a share. The stock was originally issued at $40 a share. On September 1, 2020, the company resold the treasury shares at $45 a share. Upon resale (a) Common Stock will be credited at par. (b) A PIC-TS will be credited for $200. (c) Treasury Stock will be credited for $4,500. (d) A gain on sale of treasury stock will be created for $500