If a company borrows money via debt financing, the people or institutions that loan the money get an ownership share in the company.
Answer the following statement true (T) or false (F)
False
Rather than sell stock, some firms prefer debt financing-borrowing money based on a promise to repay the loan, usually within a fixed time period and with a specific interest charge. People or institutions that loan the money typically do not get an ownership share in the company, and they are usually even less willing to take a risk than are investors who buy stock.
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List two duties that the general ledger clerk should not perform
Try to avoid attachments for e-mail
a. true b. false
Sally is a production manager in a processing plant that makes fruit juice for babies. She waters down the juice to cut costs, and says the practice is okay because the babies won't know the difference–showing that Sally has a utilitarian perspective
Indicate whether the statement is true or false.
Among other things, a good physical control and security of inventory will depend on:
I. a good part-numbering system. II. a well-trained work force. III. free access to stock. A) II only B) I and II only C) II and III only D) I only E) I and III only