The purchase of treasury stock ________.

		requires recognition on the income statement of any gain made on the purchase
		always decreases net income
		does not require recognition on the income statement of any gain made on the purchase
		requires recognition on the income statement of any loss incurred on the purchase

Buzz Corporation issued $50,000 worth of 10-year, 8% bonds for $48,359.66. The 8% is the ________.

		stated rate
		market rate
		future rate
		face value

The risk associated with debt is risk to ________.

		financial analysts following a company
		the issuing companys creditors
		positive financial leverage
		the borrowing company