6 ) Paige Co . took advantage of market conditions to refund debt . This was the fourth refunding operation carried out by Paige within the last three years . The excess of the carrying amount of the old debt over the amount paid to extinguish it should be reported as a
7 ) Under the effective-interest method of bond discount or premium amortization , the periodic interest expense is equal to
8 ) When a business enterprise enters into what is referred to as off-balance-sheet financing , the company
9 ) When the interest payment dates of a bond are May 1 and November 1 , and a bond issue is sold on June 1 , the amount of cash received by the issuer will be