Analysis Case 14-4 Issuance of bonds ? LO2 The following appeared in the October 15, 2011, issue of the Financial World 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.