Question 37 2 pts When a company prepares a bond indenture, certain provisions of the bonds are included. Which of the following is not specified in the indenture? The maturity date. Date of each interest payment. The market rate of interest. The coupon interest rate. Question 41 2 pts Eaton Company issued $5 million of bonds with a 10% coupon rate of interest. When Eaton issued the bonds, the market rate of interest was 8%. Which of the following statements is INCORRECT? Annual interest expense will be $500,000. The book value of the bond will decrease as the bond matures. The bonds were issued at a premium. o Annual interest expense will be less than the company's actual cash payments for interest. Question 42 2 pts On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and installation. The expected useful life of the machine is 8 years and the residual value is $5,000. How much is the annual depreciation expense, assuming use of the straight-line depreciation method? $5,950. $4,500. $6,100. $6,000. Question 43 2 pts Which of the following transactions would increase the current ratio of a company if the ratio is currently greater than 1? Purchased supplies with cash. Borrowed cash on a short-term note. Paid the principal on a long-term note payable. Sold inventory for more than cost