Solved

Match Each of the Following Terms with the Appropriate Situation

Question 305

Matching

Match each of the following terms with the appropriate situation below.Each term is used only once.

Premises:
Jon-med Company sold $40,000 worth of bonds for $40,500.
Jon-med Company sold $40,000 worth of bonds for $39,500.
Jon-med Company sold $40,000 worth of bonds for $40,000.
Jon-med Company issued bonds that sold at a discount and will not pay interest during the life of the bond issue.
Responses:
zero-interest bonds
par value
bond discount
bond premium

Correct Answer:

Jon-med Company sold $40,000 worth of bonds for $40,500.
Jon-med Company sold $40,000 worth of bonds for $39,500.
Jon-med Company sold $40,000 worth of bonds for $40,000.
Jon-med Company issued bonds that sold at a discount and will not pay interest during the life of the bond issue.
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