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8 All the following statements concerning bonds are correct, Except: OA. Bonds can be issued either at par, premium, or discount. OB. Bonds are usually
8 All the following statements concerning bonds are correct, Except: OA. Bonds can be issued either at par, premium, or discount. OB. Bonds are usually considered to be a long term liability. OC. Bonds interest is tax deductible. OD. Bondholders have voting rights. Question 9 ABC Inc. sold 14,000 shares of its $10 par value common stock at a cash price of $13 per share. The entry to record this transaction would include OAA debit to Contributed Capital in Excess of Par Value, Common Stock for $42,000. OB. A debit to Cash for $140,000 OCA credit to Common Stock for $140,000 OD.A credit to Common Stock for $182,000
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