A long-term contract under which a borrower agrees to make payments of interest and principal on specific dates is called a:
A long-term contract under which a borrower agrees to make payments of interest and principal on specific dates is called a:
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter18: Acquiring Capital For Growth And Development
Section18.2: Long-term Debt Financing
Problem 4AYU
Related questions
Question
1
A long-term contract under which a borrower agrees to make payments of interest and principal on specific dates is called a:
Group of answer choices
common stock.
bond.
equity contract.
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