ACCOUNTING PRCINCIPLES (CCCS CUSTOM)
ACCOUNTING PRCINCIPLES (CCCS CUSTOM)
14th Edition
ISBN: 9781119845102
Author: Weygandt
Publisher: WILEY
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Chapter 15, Problem 12Q

(a)

To determine

Bond: Bond is a financial instrument which generates the fixed income to the investors within a specified period of time. The income generated on the bonds is known as interest amount.

To explain: The advantages of the bond over stock.

(b)

To determine

To explain: The disadvantages of the bonds which are issued for the long-term finance.

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