8) A company uses the effective interest method of amortization for a bond issued as a premium. In the early years of the life of the bond, the interest expense will be less than the interest paid. In the later years of the bonds life, the interest expense will be greater than the interest paid. (True/False)

9) A bond was issued on May 1, 2020. The interest dates of the bond are February 1 and August 1. The number of total months of interest expense incurred for the year ended December 31, 2020 should be?

10) The condition for bond issued at a premium is that the market rate is less than the effective interest rate of interest. (True/False)