Case 144 Issuance of bonds The following appeared in the October 15, 2016, issue of the Financial Smarts Journal: Required: 1. Explain what is being described by the announcement. 2. Can you think of a psychological reason for the securities to be priced as they are? 3. What are the accounting considerations for Craft Foods, Inc.? Describe how Craft recorded the sale. Judgment Case 145 Noninterest-bearing debt LO143