7) All of the following are advantages of issuing stock except: A) creates no interest expense which must be paid B) less risky to the issuing corporation C) creates no liabilities for the corporation D) generally results in a higher earnings per share 8) Under the effective-interest method of amortization, the cash payment on each interest payment date will: A) increase if bonds are issued at par B) remain the same for each interest period C) increase if bonds are issued at a discount D) decrease if bonds are issued at a premium 9) Current liabilities are obligations due within: A) one month or within the company's normal operating cycle if it is shorter than one month B) one month or within the company's normal operating cycle if it is longer than one month C) one year or within the company's normal operating cycle if it is longer than one year D) one year or within the company's normal operating cycle if it is shorter than one year UJUDOU UNUI 9) Current liabilities are obligations due within: A) one month or within the company's normal operating cycle if it is shorter than one month B) one month or within the company's normal operating cycle if it is longer than one month C) one year or within the company's normal operating cycle if it is longer than one year D) one year or within the company's normal operating cycle if it is shorter than one year