All of the following are advantages of issuing bonds rather than stock except
a. financial leverage.
b. payment of bond interest is not required
c. bond interest is tax-deductible.
d. bondholders do not have voting rights.
B
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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $15,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,100. On November 3, the customer returns on this sale amounted to $6,000. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions.
A) $2,040 B) $5,940 C) $5,100 D) $3,060
One effect on the accounting equation when a firm lends money is
a. stockholders' equity decreases. b. liabilities decrease. c. liabilities increase. d. total assets remain the same.
Instruments that are payable on demand are called order instruments
Indicate whether the statement is true or false
If an employer fails to train an employee, knowing that he is without necessary skills and may injure others, and someone is injured, that person states a claim for:
a. negligent hiring b. negligent background check c. negligent training d. none of these