Question 1 1.67 pts There are two types of cash flows associated with a term bond: interest and principal. O True False Question 2 1.67 pts If the stated rate of interest of a bond equals its effective rate of interest, the bond will be issued at face value. O True O False Question 3 1.67 pts When the effective interest rate exceeds the stated interest rate, the excess of accrued interest expense over the cash interest payment is compounded to the bond payable account. O True O False Question 4 1.67 pts If an asset transfers ownership to the lessee at the end of the lease term, the lease should be accounted for as an operating lease. O True O False