Question 4 (1 point) Long-term liabilities could include bonds payable could include accruals such as salaries payable will be paid within a year or the operating cycle, whichever is longer could include accounts payable Question 5 (1 point) A company issues bonds at a stated rate of interest of 3.5% when the market interest rate is 3.2%. The bonds would be issued at a discount Under these conditions, the bonds would have to be secured by adequate collateral The bonds would be issued at a premium Issuing these bonds is a bad financing decision, because the company will be wasting money on extra interest