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On January 1,2019 , a $1,000, one year 9% bond is sold for $992 at...

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Accounting

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On January 1,2019 , a $1,000, one year 9% bond is sold for $992 at the time the market rate is 10%. What is the interest expense in 2019 ? $90 $99 $100 $90 Question 8 (2. points) A corporation signed a 4 year note for $40,000 on August 1. 2019. $10,000 is due each year with the first payment due on August 1. 2020. How will this be shown on the statement of financial position at December 31, 2019? $10,000 will be recorded as a non-current liability $40,000 will be recorded as a current liability $40,000 will be recorded as a non-current liability $30.000 will be recorded as a non-current liability

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