Question 20 If a bond sells at a discount, the amortization of the discount will Not yet answered Marked out of 100 P Flag question Select one: A. Have interest expense and interest payment computed on face value B. Have interest payments each period less than interest expense C. Have interest payment each period equal to interest expense D. Have interest payments each period greater than interest expense E. Have no effect on interest expense for the period Question 19 Eastet owns Flair Corp bonds as a short-term equity investment with a carrying value of $75,000. The current market value is $68,500. Eastjet should record a Marked out of 100 P ag question Select one: A Credit to Held-for-Trading Investment for $6,500 B. Debit to Investment Income for $6,500 C. Credit to Investment Income for $6,500 D. Credit to Held-for-Trading Investment Gain for $6,500 E. Debit to Investment Loss for $6,500 Question 19 Eastjet owns Flair Corp bonds as a short-term equity investment with a carrying value of $75,000. The current market value is $68,500. Eastjet should record a Not yet answered Marked out of 1.00 P Flag question Select one: A. Credit to Held-for-Trading Investment for $6,500 B. Debit to Investment Income for $6,500 C. Credit to Investment Income for $6,500 D. Credit to Held-for-Trading Investment Gain for $6,500 E. Debit to Investment Loss for $6,500