Acorporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 12%. the straight-line method is adopted for the amortization of bond discount or premium. which of the following statements is true?
a. the bonds will be issued at a premium.b. the amount of the annual interest expense is computed at 10% of the bond carrying amount at the beginning of the year.c. the amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.d. the amount of the annual interest expense gradually decreases over the life of the bonds.

The following statements is true: The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.

Unamortized discount amount is decreased from balance at provision to a nil balance at due date. This is so , as it will be liquidated over entire bond’s life and thus will reach $ 0 maturity.

Therefore, the correct option is (c).

The correct answer is D. In writing the Letter from Birmingham Jail, King sought to respond to the criticism he received from people that he considered be colleagues by methodically addressing each of their claims for Americans

Explanation:

The Letter from Birmingham Jail was an open letter written on April 16, 1963 by Martin Luther King, Jr., one of the leaders of the Civil Rights Movement in the United States. King wrote the letter from the prison in the city of Birmingham, Alabama, where he was being held after a non-violent protest against racial segregation. The letter was a response to a statement issued by eight white clergy members of Alabama on April 12, 1963 entitled "A Call to Unity." In it, they declared the existence of social injustices but expressed the belief that the battle against racial segregation should be carried out only in the courts and not carried to the streets. King responded that without strong direct action, true civil rights could never be achieved. He stated not only that civil disobedience was justified in the face of unjust laws, but that "one has the moral responsibility to disobey unjust laws."