A debt backed by some form of specific property is known as a:

A. debenture.
B. mortgage bond.
C. subordinated debt.
D. U.S. government bond.
E. general obligation municipal bond.


Answer: B

Business

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Using the estimate based on sales method of accounting for uncollectible accounts, the entry to reinstate a specific receivable previously written off would include a

A) credit to Bad Debt Expense B) credit to Accounts Receivable C) debit to Allowance for Doubtful Accounts D) debit to Accounts Receivable

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