(Chapters 9 and 10) Seved A liability to be reported on the statement of financial position, must have a fixed, known amount to be paid in the future. True or False True False Chapters 9 and 10) Help A corporation recently retired $1.000.000 worth of bonds early for $997,500. They reported again related to the retirement of the bands of $24.250. What was the unmortized bond discount or premium at the time of retirement? Murple Choice $24.250 premium $26.980 premium $2750 premium 521750 discount A note payable must always be paid before an account payable. True or False True False Total interest cost for a bond issued at a premium equals the total of the periodic interest payments added to the premium. True or False | True False