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 104 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

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Common phlebotomy issues. Common phlebotomy issues.
Common Prefixes Cont. Common Prefixes Cont.
Common Root Words and Combining Forms Cont. Common Root Words and Combining Forms Cont.
How to common factor an expression How to common factor an expression
Chemical Bonds Chemical Bonds
Common pedigree symbols Common pedigree symbols
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library