Question 22 If an issuer sells bonds at a premium: The carrying value of the bond stays constant over time. The carrying value increases from the par value to the issue price over the bond's term The carrying value decreases from the par value to the issue price over the band's term The carrying value increases from the issue price to the par value over the bond's term The carrying value decreases from the issue price to the par value over the band's term Question 23 A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bands were issued was 6.5%. The company received $102,105 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is $3,289.50 $3,500.00 $3,613,70 $6,633.70. $7,000.00