Match the following:
A. Allows the issuer to pay off the bonds early at a fixed price.
B. Sale of debt securities directly to a single investor.
C. Supported by specific assets pledged as collateral by the issuer.
D. Allows the investor to transfer each bond into shares of common stock.
E. Matures on a single date.
F. Secured only by the "full faith and credit" of the issuing corporation.
G. Includes underwriting, legal, accounting, registration, and printing fees.
H. Matures in installments.
A. Callable bond.
B. Private placement.
C. Secured bond.
D. Convertible bond.
E. Term bond.
F. Unsecured bond.
G. Bond issue costs.
H. Serial bond.
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For each of the following types of business, indicate why the manager needs to know the unit cost information.
If Tyrol Willow, the sole stockholder of Willow Hardware, withdraws cash of the business to purchase a family car, the business should record this use of cash with an entry to:
A. Debit Cash and credit Cash. B. Debit Dividends and credit Cash. C. Debit Cash and credit Dividends. D. Debit Cash and credit Salary Expense. E. Debit Accounts Payable and credit Cash.
Which of the following occurs when illegal financial incentives are given to higher-ranked public officials for decisions that usually include major infrastructure contracts, the purchasing of military equipment, or other major industry-based decisions?
a. Collusive peddling b. Petty corruption c. Grand corruption d. Influence peddling
Factory overhead is charged to expense as it is incurred because it is a period cost.
Answer the following statement true (T) or false (F)