If the market interest rate is greater than the stated interest rate on bonds, the bonds will sell O A at the stated interest rate OB. at a premium OC. at face value OD at a discount Capital expenditures are not immediately expensed because these items: O A. extend the useful life of a plant asset. O B. return a plant asset to its prior condition C. maintain a plant asset in working condition OD. decrease the plant asset's capacity Smith Corporation issues $2,600,000, 10-year, 7% bonds payable at a price of 98. The journal entry to record the issuance will include a: O A. debit to Cash for $2,548,000 O B. debit to Cash of $2,600,000 O c. credit to Bonds Payable for $2.548,000 OD. credit to Discount on Bonds Payable for $52.000