Which of the following statements is not correct?
A) A bond is a certificate allowing the division of a debt between large numbers of investors,each of whom can contribute only a small amount of the debt.
B) If the face value of a bond is important,it makes this lending instrument accessible to a large public.
C) The bond or certificate shows the evidence of the claim held by the bondholder.
D) In the aggregate the bond issue may represent a very large amount of borrowed funds to cover all or part of the company's financing needs.
Correct Answer:
Verified
Q3: Which of the following items is not
Q4: What is the term used for the
Q5: Contingent liabilities are recognized in the balance
Q6: Which of the following examples does not
Q7: In which way(s)may the settlement of a
Q9: A provision is an obligation that could
Q10: A business's financing needs come essentially from:
A)
Q11: Given the following data:
What is recorded in
Q12: Which of the following items is not
Q13: Liabilities (in the strict sense)are equivalent to:
A)
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