ABC Company issues $545,000 of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below:

	Cash	Interest	Change in	Carrying
Date	Paid	Expense	Carrying Value	Value
01/01/2021				$	768,631
06/30/2021	$19,075	$15,373	$-3,702		764,929
12/31/2021	19,075	15,299	-3,776		761,153

Required:

What is the original issue price of the bonds?

multiple choice 1

• $768,631

• $545,000

• $764,929

• $564,075

What is the stated interest rate?

multiple choice 2

• 7.0%

• 4.0%

• 2.0%

• 3.5%

What is the market interest rate?

multiple choice 3

• 7.0%

• 4.0%

• 2.0%

• 3.5%

What is the interest expense reported on June 30, 2022?

multiple choice 4

• $15,223

• $19,075

• $15,146

• $15,299

What is the cash flow from operating activities from this bond in 2021?

multiple choice 5

• $38,150 outflow

• $30,672 outflow

• $768,631 inflow

• $730,481 inflow