Which of the following statements regarding bonds and their terms is false? a. the amount of each coupon payment is determined by the coupon rate of the bond. b. the zerominuscoupon bond has no periodic interest payments. c. treasury bills are u. s. government bonds with a maturity of up to one year. d. prior to its maturity date, the price of a zerominuscoupon bond is always greater than its face value.

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.