Question Details

A method of amortizing bond discount or premium that allocates an equal amount each period 


1.	If a $1 million, 10%, 10-year bond issue was sold at 97, the cash proceeds from the issuance of the bonds amounted to $________________.


	2.	The ________________ of bonds is the face value of the bonds adjusted for bond discount or bond premium amortized up to the redemption date.


	a 3.	The market price of a bond is obtained by discounting to its present value the _______________ paid at maturity, and all _____________ payments to be made over the term of the bond.


	a 4.	When there is a ________________ difference between the straight-line and effective-interest methods of amortization, the ________________ method is required under GAAP.


	a5.	A method of amortizing bond discount or premium that allocates an equal amount each period is the ________________ method.

a6.	The straight-line method of amortization allocates the same amount to _______________ in each interest period.



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