33. Which of the following statements is false: a) If interest rates in the economy rise, bond market values decrease b) As the risk profile of a bond issuer increases, the market value of the issuer's bonds e) If bonds are issued at par, the carrying value of the bond is always equal to its face value. d) Given that so few bonds are issued at par, the rate of return to the lender on the bond is decrease rarely equal to the cost of the borrowing to the borrower 34. Which of the following statements is true: a) To capitalize an expenditure implies an expens e will never be recorded in the future related to the capitalized item. b) To incorrectly expense a capitalizeable expenditure implies the net income for the year will be overstated. c) To incorrectly capitalize an expenditure implies the net income for the year will be overstated. Very few expenditures are capitalizeable. d) 35. Melrose Company recorded $3,500,000 in credit sales in 2020 and prepared the following aging schedule of their $730,000 in Accounts Receivable as at December 31, 2020: Days outstanding 0-30 days 31-60 days 61-90 days Over 90 days Balance $350,000 275,000 67,500 37,500 Estimated percentage uncollectible 1% 2% 5% 25% The balance in their Allowance for Doubtful Accounts before year-end adjustments is a $2.000 credit. The bad debt expense for 2020 is a) $21,750. b) $23,750. c) $19,750. d) $35,000