Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable orborrowing the money from a local bank in the form of an installment note. How does an installment note differ from a bond payable?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Fleeson Company needs additional funds to purchase equipment for a new production facility and is considering either issuing bonds payable or
borrowing the money from a local bank in the form of an installment note. How does an installment note differ from a bond payable?

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