____8. Which of the following is NOT a characteristic of bonds?

A.Secured bonds

B.Coupon bonds

C.Variable bonds

D.Serial bonds

E.All of these

____9. The total interest expense associated with a bond issue is the sum of the actual

interest payments:

A.Plus any related bond discount

B.Plus any related bond premium

C.Minus any related bond discount

D.Minus any related bond premium

E.Both A and D

___10. The amount at which bonds payable should be shown on the balance sheet is their face value:

A.Plus any related un-amortized bond discount

B.Minus any related un-amortized bond discount

C.Plus any related un-amortized bond premium

D.Minus any related un-amortized bond premium

E.Both A and C