The rate of interest specified on the face of the debt is called the: Multiple Choice Effective interest rate. Stated interest rate. Yield interest rate. Market Interest rate. KR issued bonds payable with a face amount of $200,000 and a maturity date ten years from date of issance the bonch were issued at a premium, this indicated that Multiple Choice The effective and started rates of interest were the The stated rate of interest exceeded the effective rate of interest The stated interest rate and the market interest rate were the same No necessary relationship exists between the two rates TB 13-40 For bonds payable, the cash interest paid in... For bonds payable, the cash interest paid in each interest period is Multiple Choice The same amount regardless of whether the bond was sold at per a discount or a premium Different depending upon the date of sale, Not the same amount when the stated and yield interest rates are different Dependent on the initial amount of accrued interest