If a bond issuer's bond ratings drop, the company probably will have to pay higher interest rates on bonds that have already been issued.
Answer the following statement true (T) or false (F)
False
A company's bond rating influences the interest rate the company must pay on future bonds. However, the rating will not affect the interest on bonds already issued.
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When an account has been written off under the direct write-off method in one period and is collected in a subsequent period, the credit to reinstate the account is made to
a. Accounts Receivable. b. Bad Debt Expense. c. Bad Debt Income. d. Uncollectible Accounts Recovered.
Which of the following is a function of a distribution center?
A. Providing technical support for products B. Managing customer support C. Providing after-sale service D. Managing inbound transportation E. Negotiating with vendors
The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The proper entry to be recorded on June 14, 2010, will be:
a. Dividends 142,500 Dividends Payable 142,500 b. Dividends payable 142,500 Cash 142,500 c. Dividends 142,500 Retained Earnings 142,500 d. Dividends payable 142,500 Dividends 142,500
Choose the sentence that is written in active voice
A) The book will be published next year. B) Next year the book will be published. C) Pearson will publish the book next year.