Question: If ABC Company issues its $ 5 , 0 0 0 , 0 0 0 , 8 % bonds payable at a premium and uses
If ABC Company issues its $ bonds payable at a premium and uses the straightline method of amortization, then the Check all that apply.
Multiple select question.
debit to Cash is greater than the credit to Bonds Payable
market rate of interest must be less than the stated rate of interest
debit to Premium on Bonds Payable will be the same each payment
maturity value is greater than the present value of the interest and principal payments
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