Which of the following is an example of a firm's long-term debt?
A)Common stock
B)Retained earnings
C)Accounts payable
D)Corporate bonds
E)Accounts receivable

Question

Quizplus · Accepted Answer

Corporate bonds are a form of long-term debt as they typically have a maturity of more than one year and require regular interest payments. Common stock represents ownership in a company, retained earnings are profits that have been reinvested in the company, accounts payable are short-term debts owed to suppliers, and accounts receivable are assets representing money owed to the firm by customers.

Which of the Following Is an Example of a Firm's