Case 144 Issuance of bonds The following appeared in the October 15, 2

Case 144 Issuance of bonds The following appeared in the October 15, 2016, issue of the Financial Smarts Journal: Required:1. Explain what is being described by the announcement.2. Can you think of a psychological reason for the securities to be priced as they are?3. What are the accounting considerations for Craft Foods, Inc.?Describe how Craft recorded the sale. Judgment Case 145 Non interest-bearing debt LO143