On december 31 iou corporation issued 100000 of 10-year, Financial Accounting

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On december 31 iou corporation issued 100000 of 10-year

On December 31, IOU Corporation issued $100,000 of 10-year bonds at 98. The bonds pay interest annually on December 31. These bonds sold at 98 because____?

A. The stated interest rate was higher than the market rate of interest

B. the stated interest rate was lower than the market rate of interest

C. the bond was issued six months after year end

D. this is an installment note

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Financial Accounting: On december 31 iou corporation issued 100000 of 10-year

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Financial Accounting: On december 31 iou corporation issued 100000 of 10-year

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