Q 9-13

Please help me with these multiple choice questions !! i only need the answers thank you

Marks 9 of 40 Tech Magic purchased a new computer system and in return signed a three-year $30,000 non- interest-bearing note payable An investigation by the company's accountant revealed that similar notes have market rates of interest around 8%. At what amount should the computer system be initially recorded on Tech Magic's financial statements? Select one: O a $30,000 O b. 525 771 O $27.777 O d. 523,814 Notes Unsure Marks 10. 40 of 40 Mastertack Inc bought an asset and signed a four-year non-interest-bearing note for the full amount If the note was recorded at its foce value, which of the following statements would be true? Select one O. Both assets and liabilities will be overstated b. Only liabilities will be understated c. Only liabilities will be overstated d. Both assets and liabilities will be understated Notes o re Mark 11 or 40 Most of the information regarding a company's long-term debt can be found Select one a on the cash flow statement Ob on the statement of financial position c. in the notes to the financial statements d. In the statement of earnings Notos o Unsure Marks 12:40 On January 1, 20X6, Goldstein Company purchased a machine. The seller agreed that a total of $9.000 would be paid over a three-year period--S3,000 per year at the end of 20X6, 20X7, and 20x8 At the time the machine was purchased, the market rate of interest was 10% What amount should be debited to the asset account, Machinery, on the date of purchase (round to the nearest dollar? Select one COLE LIVE CHAT HELP a $9,016 b. $7.451 c. $9.948 O d. $9,000 Noten Unsure - Marks 13. of 40 If a bond is issued at a premium, the coupon rate is Select one: O a less than the effective rate O b. not used to determine the band's sale price O greater than the effective rate d equal to the effective rate Notes