7) The cash proceeds received from issuing a bond are less than the face value of the bond. It is apparent that the bond was issued at: A) par value B) a discount C) a premium D) face value 8) On a bond's maturity date, its carrying value will equal the: A) maturity value less all interest payments B) maturity value plus all interest payments C) maturity value D) present value of the bond on its issuance date 9) The carrying amount of bonds issued at a discount is calculated by subtracting Discount on Bonds Payable from Bonds Payable. a) TRUE b)FALSE 10) Under the effective-interest method of amortization, the cash payment on each interest payment date will: A) remain the same for each interest period B) decrease if bonds are issued at a premium C) increase if bonds are issued at par D) increase if bonds are issued at a discount