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A company classifies its investments in long-term bonds as held-to-maturity. For each of the following independent situations, select the appropriate answer from the option list provided. Each choice may be used once, more than once, or not at all.

Choices:

The same as the face amount of the bond

More than the face amount of the bond

Less than the face amount of the bond

Situations	Answer
1. A company purchased a bond on its issue date. On that date, the bonds stated rate is equal to the current market rate. The purchase price of the bond is
2. A company purchased a bond between interest dates. On that date, the bonds stated rate is equal to the current market rate. The purchase price of the bond is
3. On January 1, Year 1, a company purchased a 10-year bond at a discount. The carrying amount of the bond in the companys December 31, Year 9, balance sheet is
4. On January 1, Year 1, a company purchased a 5-year bond for its face amount. The stated rate on the bond is 10%. At the end of Year 3, the market interest rate has unexpectedly decreased to 3%. The carrying amount of the bond in the companys December 31, Year 3, balance sheet is
5. A company purchased a bond between interest dates at a discount. At the purchase date, the carrying amount of the bond is