Bonds that pay no interest unless the issuing company is profitable are called Select one: O a. income bonds. O b. collateral trust bonds. Oc revenue bonds. O d. debenture bonds.
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- The term used for bonds that are unsecured as to principal is Select one: a. indebenture bonds. O b. junk bonds. || Oc. callable bonds. O d. debenture bonds.Bonds which are collateralized by specific assets in the event the borrowing company defaults on bond payments are called: Select one: a. serial bonds. b. callable bonds. c. unsecured bonds. d. secured bonds. e. convertible bonds.The largest type of municple bonds outstanding is: A. revenue bonds. B. Industrial development bonds. C. Treasurry strips. D. Convertable bonds. E. General obligation bonds.
- 1 a. Describe intercompany bonds. b. Explain how to eliminate intercompany bonds on the company’s financial statements.Which of the following statements is true regarding secured and unsecured bonds? O Secured bonds are issued against the general credit of the borrower. O Unsecured bonds are issued against the general credit of the borrower. O Secured bonds have specific assets of the issuer pledged as collateral. O Secured bonds have specific assets of the issuer pledged as collateral, and unsecured bonds are issued against the general credit of the borrower.When the effective cost of debt is greater its the nominal cost, *a. The entity records a discount on the bond payable.b. the initial net measurement of the bond is more than the face value.c. The net proceeds is more than the face value.d. The interest expense is less than the interest payments.
- Serial bonds are a. Bonds backed by collateral.b. Bonds that mature in installments.c. Bonds the issuer can repurchase at a fixed price.d. Bonds issued below the face amount.Which of the following statements concerning bonds is FALSE? A. Bonds can be issued either at par, premium, or discount. B. Bonds interest is tax deductible. C. Bondholders have voting rights. D. Bonds are usually considered to be a long term liability.Which of the following is not a valid statement regarding bonds payable? a. Bonds issued by an entity represent a financial liability and shall be measured at amortized cost using the effective interest method. b. The market price of a bond issue is the present value of its principal amount plus the present value of all future interest payments, both discounted at the market rate of interest when the bonds were issued. c. Bonds that mature at a single date are called term bonds. d. The amortization of a bond premium increases both the recorded interest expense and amortized cost.
- Serial bonds are: Select one: a. Bonds issued below their face value b. Bonds that mature in installments c. Bonds issued by Quaker Oats d. Bonds backed by collateral e. Bonds with greater riskThe carrying value on bonds equals Bonds Payablea. minus Premium on Bonds Payable.b. plus Discount on Bonds Payable.c. plus Premium on Bonds Payable.d. minus Discount on Bonds Payable.e. both a and bf. both c and ddont use chatgpt. Bonds issued by corporations and exposed to default risk are classified as A. corporation bonds B. default bonds C. risk bonds D. zero risk bonds
