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Question 24 Which of the following are classified as a source of debt financing (liability): 1. Bond II. Installment Note III. Note Payable IV. Common
Question 24 Which of the following are classified as a source of debt financing (liability): 1. Bond II. Installment Note III. Note Payable IV. Common Stock All of the above OA OB Tand II only oc. I and Ill only OD. II. III and IV only Question 25 Shell Co issues a 10 year $300,000 bond with a stated interest rate of 696 and market interest rate of 5%. The bond will issue at Premium . Discount OB . Face Amount OD Preferred Amount Question 26 8 points Save Answer Wave Co issues a 10 year $400,000 bond with a stated interest rate of 7% and market interest rate of 7%. The proper journal entry was recorded by Wave Co on January 1, 2020 at issuance, which include a Cash for to Debit: $400,000 OA Debit: More than $400.000 OB. Credit: $400,000 . Debit: Less than $400,000 OD Question 27 8 points Save Answer A 10-year $100,000 bond that makes cash payments every six month is issued with a stated interest rate of 996 when the market interest rate is 84. What will be the cash payments for interest each six months for the life of the bond? $4,500 . $4,000 OB. $8,000 OC. $9,000 OD
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