Quention 24 Not yet answered How to report the Premium on Bonds Payable account on the balance sheet? Marked out at 200 Select one B A contra asset P Pages B reduction of an expense C addition to a long-term ability D subtraction from a long-term liability Question 25 Which one is the correct statement for Bonds? Not yet answered Marked out of 2.00 Flag question Select one A The cash interest paid is calculated as the bond face value the effective rate of interest B. The cash interest paid is calculated as the bond tace value the face rate of interest C. The difference between the cash interest paid and the interest expense is added to the carrying value of the bonds if bonds were sold at a premium D. The difference between the interest expense and the interest paid is deducted from the carrying value of the bonds if bands were sold at a discount Question 26 Joseph Corporation issues 10-year bonds with a maturity value of $ 200,000 if the bonds are issued at a premium, this indicates that Not yet answered Marked out of 2.00 P Flag question Select one A. The market rate of interest exceeds the stated rate of interest B. The stated rate of interest exceeds the market rate of interest c. The stated rate of interest and the market rate of interest are equal D. No relationship exists between the two rates Question 22 Which of the following statements is true for the decrease in accounts payable? Not yet answered Marked out of 2,00 Flag question Select one: A. This decrease indicates that Andreas paid less during the period than it recognized as expenses on the income statement e 8. This decrease is added to net income in the Operating Activities section of a statement of cash flows prepared under the indirect method C. This decrease is deducted from net income in the Operating Activities section of a statement of cash flows prepared under the indirect method D. This decrease is considered only when the Operating Activities section of a statement of cash flows is prepared under the direct method Question 23 Please identify an addition to net income when the indirect method is used? Not yet answered Marked out of 200 p Flag question Select one A An increase in inventory B A loss on sale of equipment CA decrease in accounts payable D. An increase in accounts receivable Which are the factors to determine bonds price? Question 21 Not yet answered Marked out of 200 Prag question Select one A The life of the bonds, the market rate of interest the bond rating, and the face amount of the bonds D. The face amount of the bonds, the stated rate of interest, the market rate of interest, and the bond rating C. The face amount of the bonds, the stated rate of interest the market rate of interest and the bond life D. The face amount of the bonds, the market rate of interest the purpose of the issue, and the bond life