$970,000 On January 1, Sage Corporation issues $1,000,000, S-year, 12% bonds at 95 with interest payable on January 1 . The carrying value of the bonds at the end of the second interest period is: A $950,000 $930,000 $960,000 interest method of amortization results in TRUE FALSE 9 varying amounts of amortization and interest expense per Under a capital lease, the lease/asset is reported on the balance sheet under plant assets A 10 FALSE