Which of the following statements about bonds is false?
A)They may be issued to finance major expansions.
B)They may be issued to refinance existing debt.
C)They account for many of the organization's transactions.
D)They are generally highly material to the financial statements.

Question

Quizplus · Accepted Answer

While bonds may be issued for various purposes such as financing expansions or refinancing existing debt, they do not necessarily account for many of the organization's transactions. Other transactions such as revenue from sales, expenses, and investments also play a significant role in a company's financial statements.

Which of the Following Statements About Bonds Is False