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Question 61 What does the balance in the Discount on Bonds Payable account represent? Motional interest cost associated with the issuance of debt A reduction of interest cost associated with the tosunnce of debt O A reduction of the maturity value of the bonds An increase of the maturity value of the bonds Question 62 Randace Enterprises incurred several costs related to the acquisition of plant assets Purchase price of land and dilapidated building $260,000 Real estate broker's commission 17,000 Demolition costs of lapidated building 22,000 Architect's fees and building permits 24,000 Payments to contra for building construction 870,000 Purchase of new furniture and equipment 74,000 Actual interest costs during building construction 135,000 Actual interest cost after completion of building construction 120,000 Costs of walks driveways, and parking lot 55,000 At what amount should the land be recorded in Randace's accounting records? 5299.000 5277.000 5354.000 5282.000 Question 63 if total assets are $100.000 abilities are $60,000, and Common Stock is $25.000, the Retained Earnings of the firm is $160.000 $185.000 $15.000 5135.000 Click Submit to somnite this assessment