Question 24 Joseph Corporation issues 10-year bonds with a maturity value of $ 200,000. If the bonds are issued at a premium, this indicates that Not yet answered Points out of 2.00 P Flag question Select one: A The market rate of interest exceeds the stated rate of interest B. The stated rate of interest exceeds the market rate of interest. C. The stated rate of interest and the market rate of interest are equal. D. No relationship exists between the two rates Question 25 Not yet Which one is the situation that bonds will issue at premium? Pont of 200 PF Select one A issuing company has a better reputation than other companies in the same business, 3. market rate of interest was less than the face rate at the time of issue C. market rate of interest was more than the face rate at the time of issue. D. company will have to pay a premium to retire the bonds Gewoon 26 What does it mean when bonds are sold for less than the face amount? Select one A maturity value wil be less than the face amount 3. maturity value will be greater than the face amount C. bonds are sold at a premium Dace rate of interest is less than the market rate of interest Question 27 Which one is the corred statement for Bonds? Select one A The cath interest paid is calculated as the bond face value the effective rate of Wrest B. The cash interest paid is called as the bond tace value the face rate of interest The difference between the cash interest pod and the interest expense is added to the carrying value of the bonds bonds were sold at a