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 51 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
Gracias!

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Examples of hydrogen bonds Examples of hydrogen bonds
Clades and descent from common ancestor Clades and descent from common ancestor
A health care professional taking a radial pulse and common pulse points. A health care professional taking a radial pulse and common pulse points.
Common touch sensations. Common touch sensations.
Common Abbreviations and Symbols Used by Massage Therapists Cont Common Abbreviations and Symbols Used by Massage Therapists Cont
Important Bonds in Biological Molecules Important Bonds in Biological Molecules
Video: New DNA Strand Replication

For a complete list of videos, visit our video library