Part VIII: More on Bonds Payable (4 points) Consider each statement, below. Put True" or "False by each statement. 1. If bonds payable were issued at a premium, there is a contra-liability account created. 2. People who are considering an investment in bonds payable value the cash flows based on the stated or coupon interest rate. 3. Bonds payable are a great example of the use of present value in accounting and finance. 4. If bonds payable were issued at a discount, this means that the company recognized more in total interest expense than it paid out in cash, in total, for interest payments