Question 8 - If the rate of interest on bonds is lower that the current market rate, the bonds will sell at

	a discount.
	a premium.
	face value.
	maturity value.

T

(2pts)

Question 10 - The carrying value of bonds is calculated by

	subtracting the premium on bonds payable account balance from the bonds payable account balance.
	adding the premium on bonds payable account balance to the bonds payable account balance.
	adding the discount on bonds payable account balance to the bonds payable account balance.
	adding the bonds payable account balance to the bond interest payable account balance.