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QUESTION 29 Pearl Inc. issued $800,000 of bonds with a 10% coupon rate of interest. When Pearl issued the bonds, the market rate of interest was 12% Which of the following statements is correct? The book value of the bond will decrease as the bond matures. The bonds were issued at a premium. Annual interest expense will exceed the company's actual cash payments for interest. Annual Interest expense will be $80,000. QUESTION 30 Cash receipts from interest and dividends are classified as either financing or investing activities. operating activities financing activities investing activities QUESTION 31 Which of the following statements about treasury stock is true? Very few corporations have treasury stock. Companies acquire treasury stock to decrease earnings per share. Purchasing treasury stock is done to decrease the number of shares outstanding Companies acquire treasury stock to increase the number of shares outstanding ce QUESTION 32 ABC Company issued $600,000, 10%, 10-year bonds on January 1, 2010 when the market interest rate was 8%. Interest is paid annually, Determine the selling price of the bond. 305,705 600,000 680,519 277,914