Which of the following statements regarding bonds payable is true?
Concept introduction:
Bonds Payable:
Bonds payable represents the large-scale loan taken by the business for a major capital requirement. Bonds payable are issued to the public for raising the funds. Bonds are issued in the form of securities and bonds are highly regulated form of debt.
To choose:
The correct Statement about bonds payable.
Explanation for correct answer:
c. the entire amount of most bonds matures on a single date. Hence the correct option is c.
Explanation for incorrect answers:
a. Bonds can be issues in any multiple of 10...
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