When real property is used as collateral for a bond, it is termed a/an ________
A) debenture
B) mortgaged security
C) indenture
D) senior bond
Answer: B
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If the demand for a company's stock decreases?, supply remaining unchanged,
A. ?both its equilibrium price and quantity will rise. B. ?both its equilibrium price and quantity will fall. C. ?its equilibrium price will rise while its equilibrium quantity will fall. D. ?its equilibrium price will fall while its equilibrium quantity will rise.
If a corporation has only one class of stock, it is ________ stock.
A. preferred B. convertible C. cumulative D. common
The inherent risk of proceeds from stock sales not being received is most likely related to which of the following management assertions?
a. Completeness. b. Presentation and disclosure. c. Valuation. d. Existence.
Contracts must use formal terminology such as "whereas" and "heretofore" in order to be legal
a. True b. False Indicate whether the statement is true or false