What does a discount on a bond payable represent? loss from borrowing additional interest expense over the life of the bond gain from borrowing Additional revenue over the life of the bond Question 11 1 pts Continuation: Citywide Company issues bonds with a face value of $70,000O on January 1. The bonds mature in 8 years and pay 10% annual interest in semiannual payments. On January 1, the annual market rate for similar bonds is 8%. This bond will be issued at: O a premium a discount par Not enough information is given to answer this questiorn Question 15 1 pts Continuation Stanford issues bonds dated January 1 with a face value of $256,0OO. The bonds' annual face rate is 10% and interest is paid semi-annually on June 30 and December 31. The bonds mature in 3 years. The annual market rate of interest at the date of issuance is 12%, and the bonds are sold for $243,421. What is the amount of Amortization of Discount or Premium as of 6/30/Yr1? $755 $1,805 $0