Question: two multiple questions thanks Question 33 Under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to a. the

two multiple questions thanks

two multiple questions thanks Question 33 Under the effective-interest method of bond

Question 33 Under the effective-interest method of bond discount or premium amortization, the periodic interest expense is equal to a. the nominal rate of interest multiplied by the face value of the bonds. b. the market rate of interest multiplied by the face value of the bonds. C. the market rate multiplied by the beginning-of-period carrying amount of the bonds. d. the stated rate multiplied by the beginning-of-period carrying amount of the bonds. Question 34 In a debt extinguishment in which the debt is continued with modified terms and the carrying value of the debt is more than the fair value of the debt, a. a loss should be recognized by the debtor. b. a new effective-interest rate must be computed. c. a gain should be recognized by the debtor. d. no interest expense should be recognized in the future

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