Question $23$

$4$ pts

If a bond is issued at a discount:

The interest expense recognized will be less than the interest paid at each interest payment date.

The interest expense recognized will equal the interest paid at each interest payment date.

The amount of interest paid on each payment date is$,$altered from the orignal rate promised.

The interest expense recognized will exceed the interest paid at each interest payment date.

Question $24$

$10$ pts

Walgreens Corporation has the following multi$-$step income statement for the past two years. Fill in the missing blanks. Be sure to line up the letters that you are solving with the letters in the available blanks. Also be sure to use commas in your numbers. Do NOT use dollar signs.

$\backslash$table$[[,$Current Year,Last Yeai$],[$Sales$,750,000,],[$Beginning Inventory,$400,000,],[$Purchases$,450,000,425,000],[$Ending Inventory,$410,000,400,000],[$Cost of Goods Sold,,$375,000],[$Gross Profit,,$250,000],[$Other Expenses,$60,000,],[$Net Income,$250,000,120,000]]$