What must be true for short-term debt to be shown as long-term debt?

Select one: a. The ability to refinance, but not the intent. b. The intent to refinance, but not the ability. c. Both the ability to refinance and the intent. d. Neither the ability to refinance nor the intent.

Kaselitz Corp. issued a $100,000, 9%, 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $104,055 to yield 8%. The effective interest method is used. Cash interest paid to the bondholders in 2016 is:

Select one: a. $9,350 b. $8,324 c. $9,365 d. $9,000 e. $8,000

THE DATA FOR THIS QUESTION ARE THE SAME DATA AS THE PREVIOUS QUESTION Kaselitz Corp. issued a $100,000, 9%, 5-year bond on 1/1/16. Interest is paid each June 30 and December 31. The bond sold for $104,055 to yield 8%. The effective interest method is used. The Unamortized Premium on Bonds Payable at 12/31/16 is:

Select one: a. $3,366 b. $3,244 c. $3,717 d. $3,379 e. $3,244