Question 6 1 pts The issue price of a bond is: determined by the company issuing the bonds. based on a present value calculation. determined by the financial advisers. always equal to $1,000. Question 5 1 pts Disco World began its business on November 1 and sold contracts to twelve students for dance lessons that day. The lessons cost $375 per person for a three-month period and the students are required to pay in advance. Use the information above to answer the following question. The journal entry to record this transaction would include the receipt of cash on November 1 a credit to: Dance Lessons Revenue Dance Lessons Payable Unearned Revenue Cash Question 4 1 pts Some bonds allow the issuing company to retire the bond with cash at any time. These bonds are known as: debenture bonds. callable bonds. convertible bonds. coupon bonds. Question 3 1 pts Some bonds allow the borrower to repay the bond by issuing stock. These bonds are known as: debenture bonds. convertible bonds. callable bonds. coupon bonds