Solved

Match the Following Descriptions to Their Terms

Question 187

Matching

Match the following descriptions to their terms

Premises:
the principal of the bond is paid back in installments
allows the issuer to redeem bonds before maturity date
the value of a bond stated on the bond certificate
a bond issued without any collateral or security
the entire principal of the bond is paid back on maturity date
allows the bond hold to exchange bond for shares of stock
the legal contract between issuer and bond holder
Responses:
Debenture
Term bond
Face value
Indenture
Callable bond
Serial bond
Convertible bond

Correct Answer:

the principal of the bond is paid back in installments
allows the issuer to redeem bonds before maturity date
the value of a bond stated on the bond certificate
a bond issued without any collateral or security
the entire principal of the bond is paid back on maturity date
allows the bond hold to exchange bond for shares of stock
the legal contract between issuer and bond holder
Related Questions

Q155: On the first day of the fiscal

Q174: (a) Prepare the journal entry to

Q180: On August 1, Clayton Co. issued $1,300,000

Q181: Glover Corporation issued $2,000,000 of 7.5%, 6-year

Q183: On January 1, 2010 Orange Retail Co.

Q184: Prepare an amortization schedule for the 1st

Q184: Calculate the total amount of interest expense

Q185: Prepare an amortization schedule for the 1st

Q185: On January 1, 2011, Citrus Retail Co.

Q188: Match the following descriptions to their terms

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents