Mark: 2 Which of the following is NOT TRUE? Select one: O a. If the stated rate is equal to the market rate on the issuance date of a bond, no premium or discount on the bond will need to be recorded O b. Private companies are required to amortize bonds payable using the effective-interest method. c. Public companies are required to amortize bonds payable using the effective-interest method. O d. All of the listed answers are not true. Notes Which of the following is TRUE? Select one: O a. When the carrying value of a bond is less than its retirement price, a gain on early debt retirement will be recorded O b. A convertible bond allows for a bond to be converted at a future date into shares of the issuer's common shares. c. Interest payments to debtholders are not required to be paid if the company reports a net loss and subsequently no income. d. None of the listed answers are true