Question: **PLEASE CHOOSE RIGHT ANSWER, IGNORE RED ANSWER AS IT IS MARKED WRONG*** PLEASE SHOW WORK A. B. Return to question Using the effective interest method,

**PLEASE CHOOSE RIGHT ANSWER, IGNORE RED ANSWER AS IT IS MARKED WRONG*** PLEASE SHOW WORK

A.

**PLEASE CHOOSE RIGHT ANSWER, IGNORE RED ANSWER AS IT IS MARKED WRONG***

B.

PLEASE SHOW WORK A. B. Return to question Using the effective interest

Return to question Using the effective interest method, amortization of a discount or premium behave in this manner over the life of the outstanding bonds. Multiple Choice Increase for premium bond, decrease for discounted bond Decrease for premium bond, decrease for discounted bond X Decrease for premium bond, increase for discounted bond Increase for premium bond, increase for discounted bond Return to question Which of the following is not an accurate statement regarding the retirement of debt? Multiple Choice When debt is retired before the maturity date, a loss occurs if the market rate of interest increased subsequent to the issue of the bond. O The gain or loss on the extinguishment of debt is categorized on the income statement as part of continuing operations. When debt is retired before the maturity date, a gain occurs if the market rate of interest increased subsequent to the issue of the bond. When debt is retired on the maturity date, the book value is always equal to the market value

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