Question 33 Under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to A. the coupon rate multiplied by the beginning-of-period carrying amount of the bonds. B. the market rate multiplied by the beginning-of-period carrying amount of the bonds. C. the coupon (nominal) rate of interest multiplied by the face value of the bonds. D. the market rate of interest multiplied by the face value of the bonds. Question 34 In a debt extinguishment in which the debt is settled by a transfer of assets with a fair value more than the carrying amount of the debt, the debtor would recognize A. no gain or loss on the settlement. B. a gain on the settlement. C. a loss on the settlement. D. None of these answer choices are correct. Question 35 If bonds are issued between interest dates, the entry on the books of the issuing corporation could include a A. credit to Interest Payable. B. debit to Interest Receivable. c. debit to Interest Expenses. D. credit to Interest Expense