Choose the one alternative mative that best completes the statement or answers the ques what is the appropriate accounting for the ca When bonds include detachable warrants, who proceeds from the bond issue? ne bond issue are allocated between the bonds and the warrants on a) The proceeds from the bond iss the basis of their relative market values. b) The proceeds from the bond issue ar the basis of their relative face values. c) A nominal amount is allocated to the warrants. d) All of the proceeds are allocated to the bonds. ond issue are allocated between the bonds and the warrants on 6) On February 1, 2019, Aphrodite Inc. issued 10% Aphrodite retired all of these bonds on January 1, 2 on that date was $92,800. How much gain or loss should be re retirement? Aphrodite Inc. issued 104 $1.000.000 bonds for $1,116,000 Ponds on January 1, 2020 at 102, Unamortized bond premium loss should be recognized on this bond a) $ 112,800 loss. b) So gain. c) $ 72,800 gain. d) $ 96,000 gain. 7) Classifying liabilities as either current or long-term helps financial statement users assess statement users assess: a) The amount of a firm's liabilities. b) Profitability c) The relative risk of a firm's liabilities. d) The degree of a firm's liabilities. 8) Short-term obligations can be reported as long-term liabilities if: a) The firm determines classification is irrelevant. b) The firm intends to and has the ability to refinance as long-term. c) The firm has tentative plans to issue long-term bonds. d) None of the above-short-term obligations must always be reported as short-term liabilities