Which of the following is a characteristic of corporate bonds?
A) Rated on a scale from AAAA to FFFF
B) Used to finance debt over a short period such as six months
C) Issued as long-term debt securities
D) Exempt from state tax in the state where the issuing company has its headquarters
Answer: C
You might also like to view...
A classified balance sheet ________.
A. Contains confidential information B. Shows only current assets and current liabilities C. Shows subtotals for current assets and current liabilities D. Shows changes in assets, liabilities, revenues and expenses
Which of the following is the usual final step in the accounting cycle?
A. Preparing a post-closing trial balance. B. Preparing the financial statements. C. Preparing a work sheet. D. Preparing an adjusted trial balance. E. Journalizing transactions.
I make a moral decision based on whether or not I will be punished. I am at what stage of moral development?
A. Stage 1 B. Stage 2 C. Stage 3 D. Stage 4
Supplies recorded in the General Fund under the purchases method will initially include a
A. Debit to Fund Balance-Restricted-Inventory of Supplies. B. Debit to Expenditures. C. Debit to Inventory of Supplies. D. Credit to Fund Balance-Restricted-Inventory of Supplies.