The entry to record the payment of accrued bond interest and the amortization of a premium on bonds payable is: Debit premium on bonds payable, credit interest expense. Debit interest expense, credit premium on bonds payable. Debit bonds payable, credit interest expense. Debit interest expense, debit premium on bonds payable, credit a. b. c. A company that owns more than 50% of the common stock of another company is known as the: a. Subsidiary company Management company c. Parent company d. Sibling company. 7.Which of the following would be considered to be an "Other Comprehensive Income item? a. b. c. d. Net income. Unrealized gain on available-for-sale securities. Gain on disposal of discontinued operations. Extraordinary loss related to flood damage. Co When bonds are sold for more than their face value, then the carrying s value of the bonds is equal to: a. Face value of the bond. b. Face value plus the unamortized discount on the bond. c. Face value minus the unamortized premium on the bond. d. Face value plus the unamortized premium on the bond. 9, AC When shares of stock held as an investment are sold, the difference between the sales proceeds and the carrying amount of the investment is recorded as a(n): a. Gain or loss. b. Extraordinary gain or loss. c. Paid-in capital addition. d. Prior period adjustment When the selling price of this bond issue was: b. $947,688. 10. market rate of interest was 1 190, the John Freitas Company issued S 1,000,000, 10%, 8-year bonds that pay interest semiannually. The a. $720,000. c. $1,000,000. d. $1,052,310