Why would a corporation issue bonds payable instead of issuing stock?
A) Debt is a less expensive source of capital than stock.
B) Borrowing by issuing bonds payable carries no risk to the company.
C) Debt affects the percentage of ownership of the corporation by the stockholders.
D) Debt does not have to be shown on the balance sheet.
A) Debt is a less expensive source of capital than stock.
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Where can one find an authoritative representative body that can speak to the value system of the majority of people on earth?
a. The United Nations b. International Association for Human Rights c. World Health Organization d. International Labour Organization
NICO Corporation had net current assets of $2,000,000 at the end of 2015 and $1,800,000 at the end of 2014. In addition, NICO had net spontaneous current liabilities of $1,000,000 in 2015 and $1,500,000 in 2014
Using this information, NICO's net current asset investment for 2014 was ________. A) $700,000 B) -$300,000 C) $300,000 D) -$700,000
An assignee's rights are free of the defenses that the obligor has against the assignor.
Answer the following statement true (T) or false (F)