In the event of liquidation, a(n) _____ has a claim on assets only after the senior debt has been paid off.
A. debenture
B. income bond
C. indenture
D. subordinated debenture
E. mortgage bond
Answer: D
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Which of the following statements is true regarding common law?
a. In common law countries, there are generally more statutes written into the laws. b. In common law countries, there is less reliance on interpretation by the courts. c. Because more details are written into U.S. law, FASB has shorter and more general accounting standards than most countries. d. The common law system has its roots in the United Kingdom.
Which of the following does not apply to a codificational system such as accounting standards?
a. It is pragmatic because maximizing the standards is impossible. b. Outputs are evaluated on the basis of whether they work correctly. c. Outputs are evaluated on the basis of whether they provide information to users at a reasonable cost. d. Outputs are correct in terms of deductive logic.
Under Section 8(a)(2) of the NLRA, representation plans in which employees provide ideas to management through brainstorming and information-sharing sessions are considered legal because:
A. They aren't actual "committees" B. Management is just collecting information from employees, not negotiating with them C. Management is giving employees a chance to give their input D. Unions have endorsed them
Given a network with the following distances:
From Node To Node Distance 1 2 4 1 3 1 2 3 2 2 4 3 3 4 6 3 5 3 3 6 9 4 5 7 5 6 5 (a) Determine which nodes should be connected to get the minimum distance from Nodes 1 through 6. (b) Determine the minimum distance.