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Question 1 25 pts Ambrosino Corporation issued a 10 year $100,000 bond at 6% interest for $90,000. What amount will be debited to Discount on
Question 1 25 pts Ambrosino Corporation issued a 10 year $100,000 bond at 6% interest for $90,000. What amount will be debited to "Discount" on the date of issuance? $3,000 $10,000 $500 $100,000 Question 2 25 pts Ambrosino Corporation issued a 10 year, semiannual, $100,000 bond that pays interest at 6% interest for $90,000. How many periods will be used to calculate the amortization of the discount? 5 10 15 0 20 Ambrosino Corporation issued a 10 year $100,000 bond at 6% interest for $90,000. How much will be credited to discount each semiannual interest payment period for amortization of the bond discount? $500 O $10,000 3,000 $100,000 Question 4 25 pts Ambrosino Corporation issued a 10 year $100,000 bond at 6% interest for $90,000. How much cash will be paid to the bondholders for interest each semiannual interest payment period? (NOTE this number is different than the "interest expense" because interest expense will include amortization of discount) $500 $3,000 $100,000 O $90,000
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