(5 points) How is interest paid on a bond calculated when the straight-line method of amortization is used? ( LE 4) The begining of - period carrying value times the stated rate of interest The begining of-period caming value times the effective rate of interest the beginning -olperiod face value times the bond's stated rate of interest the begining od-period lace value times the effective rate of interest (S points) Which of the following statements is true of interest expense on a bond under the straightIne amortization method? (LE 3) 0 Over the bonds life, the total is the same as the total under effective interest. O The annual total increases each period the bonds are outstanding. O it is the same as interest expense under effective interest in the earlier years. The anval amount decceases each period the bonds are outstanding. (5 points) Which of the following statements about FASB's definition of a contract is true? (IO 1) It is considerd enforeable if each party can unilaterally terminate the contract. Its a agreement that creates enforceable rights and obligations. It must be in witing to be considered an enforceable contract. O th does not need to have commercial substance. 5pts (5points) Which of the following steps should NOT be used when allocating the transaction price to multiple performance obligations? (102) O Complete each distinctobligation. O Mutipy the transiction price by the market percentage for each distinct obligation. Do overmine the total makect value of all of the distinct obligations. Wentify the market value of each distinct good and/or service