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16. Fox Co. issued soooo of ten-year, 10% bonds that pay interest semiannually. The bonds are sold to yield 8% Another step in calculating the issueprice of the bonds is to multiply S10.000 by the table value for 20 periods and 0%hom the present value of an annui table. a. b. multiply$10,000 by the table value for 20 periods and 5%from the present value ofan annuity c. multiply S10000 by the table value for 20 periods and 4% hom the present value of an annuity d. None of these. table. table. 17. 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 okd debt over the amount paid to extinguish it should be reported as a a. part of continuing operations b. gain, net of income taves. c. deferred credit to be amortized over the life of the new debt. d. loss, net of income taxes 18. On its December 31, 2012 balance sheet, Emig Corp. reported bonds payable of $9.000,000 and related unamortized bond issue costs of $480,000. The bonds had been issued at par. On January 2, 2013, Emig retired $4,500,000 of the outstanding bonds at par plus a call premium of $108,000 What amount should Emig report in its 2013 income statement as loss on extinguishment of debt (ienore t axes)p a. $345,000 b $105,000 c. $240,000 d. $0 19. Unrealized holding gains and losses are recognized in net income for available-for-sale debt securities a. True b. False 20. The Unrealized Holding Gain/Loss-Equity account is reported as a part of other compre-hensive income a. True b. False

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