When a bond is issued at more than its face value, it is issued at:
A. a premium.
B. par value.
C. a discount.
D. a surplus.
Answer: A
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Allegheny Community College operates four departments. The square footage used by each department is shown below.DepartmentSquare FootageAccounting 3,000 Marketing 4,000 Technology 6,000 Sciences 3,000 Total 16,000 Allegheny's annual building rental cost is $320,000What amount of rent expense that should be allocated to the Sciences Department?
A. $106,667 B. $120,000 C. $60,000 D. $80,000
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