Question 28 Which one of the following is not correct? A For debt issued at par interest expense reported on the income statement equals the cash paid for interest OB. For bond repurchases: Gain (loss) on bond repurchase Netbook value of bonds - Cash paid to repurchase C. For debt issued at a discount: interest expense reported on the income statement equals cash interest payment less amortization of the discount D. For debt issued at a premium, interest expense reported on the income statement equals cash interest payment less amortization of the premium O E. For debt issued at par, no bond premium discount is amortized Question 29 One difference between straight-line and double-declining-balance depreciation methods is that: O A. Double-declining-balance method will fully depreciate the asset more quickly OB. Straight-line method will fully depreciate the asset more quickly C. Income taxes paid will be lower under the double-declining-balance method D. Losses on disposal will be lower under the straight-line method O E. None of the above Question 30 2 points Save Answer Friends Corporation purchases an investment in Brothers, Inc. at a purchase price of $9 million cash, representing 10% (at book value) of Brothers. During the year, Brothers reports net income of $1,680,000 and pays $413,000 of cash dividends. At the end of the year, the market value of Friends investment is $11.9 million. What amount of equity camnings would be reported by Friends Corporation? AS 165,000 OBS 672,000 C$ 507,000 D. $1,267.000 - None of the above