This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true about bonds and common stock? A) Bonds and common stock are both ... (Read 106 times)

V@ndy87

  • Hero Member
  • *****
  • Posts: 571
on: Jul 5, 2018
Which of the following is true about bonds and common stock?
 
  A) Bonds and common stock are both shareholders' equity accounts.
  B) The company that has issued bonds and common stock has a legal responsibility to pay back the principal when the bonds and stock mature.
  C) The company has a legal responsibility to pay interest and dividends each year.
  D) Bondholders do not have voting rights, while common shareholders do.

Question 2

Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry isrequired in the company's accounts?
 a. debit Other Income; credit Cash
  b. debit Cash; credit Other Income
  c. debit Cash; credit Accounts Receivable
  d. debit Accounts Receivable; credit Cash


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

d


V@ndy87

  • Member
  • Posts: 571
Reply 2 on: Jul 5, 2018
:D TYSM

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

The 20 common amino acids of proteins The 20 common amino acids of proteins
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
The nucleotide cyclic AMP (cAMP), a common messenger molecule. The nucleotide cyclic AMP (cAMP), a common messenger molecule.
Common Abbreviations and Symbols Used by Massage Therapists Cont Common Abbreviations and Symbols Used by Massage Therapists Cont
Covalent Bonds Covalent Bonds
Coral bleaching events are becoming more common Coral bleaching events are becoming more common
Video: Osmosis - Isotonic, Hypotonic, and Hypertonic​ Solutions

For a complete list of videos, visit our video library