A debenture is ________.A. the interest paid on a bondB. a type of bond that can be sold back to the issuing company whenever the bondholder wishesC. a bond with only the company’s word that they will pay it backD. a bond with assets such as land to back their word that they will pay it back
A debenture is ________.A. the interest paid on a bondB. a type of bond that can be sold back to the issuing company whenever the bondholder wishesC. a bond with only the company’s word that they will pay it backD. a bond with assets such as land to back their word that they will pay it back
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2MC: A debenture is ________. A. the interest paid on a bond B. a type of bond that can be sold back to...
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A debenture is ________.
A. the interest paid on a bond
B. a type of bond that can be sold back to the issuing company whenever the bondholder wishes
C. a bond with only the company’s word that they will pay it back
D. a bond with assets such as land to back their word that they will pay it back
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