Basil corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when the market rate of interest is 7%. the straight-line method is adopted for the amortization of bond discount or premium. which of the following statements is true? the carrying amount decreases from its amount at issuance date to $1,000,000 at maturity. the amount of annual interest paid to bondholders increases over the 10-year life of the bonds. the carrying amount increases from its amount at issuance date to $1,000,000 at maturity. the amount of annual interest expense decreases as the bonds approach maturity.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society