Question 6 If the market interest rate is greater than the contractual interest rate, bonds will sell O at a discount O only after the stated interest rate is increased. at a premium. at face value. BACK NEX Question 7 On January 1, 2018, Swifty Corporation issued $5500000, 10 year, 6% bonds at 102. Interest is payable annually on January 1. The Journal entry to record this transaction on January 1 2018 is Premium on Bonds Payable 110000 Cash 5500000 Bonds Payable 5610000 Cash 5500000 Bonds Payable 5500000 Cash 5610000 Bonds Payable 5610000 5610000 Cash 5500000 Bonds Payable Premium on Bonds Payable Question Attempts of lused mang: 1 min. Question 8 Crane Company has current assets of $70000, current liabilities of $80000, long-term assets of $170000 and long-term liabilities of $75000. Crane Company's working capital and its current ratio are: $100000 and 0.88:1. $10000 and 0.88:1 -$10000 and 1.88:1 -$10000 and 0.88:1. SUNIT ANSWER Question Attempts of I used Question 9 In a recent year Bramble Corporation had net income of $148000, interest expense of 544000, and tax expense of $17000. What was tramble Corporation's times interest earned for the year? 3.75 3.36 Question Attempts of used BURNET