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 49 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
Wow, this really help

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

TrUe....FaLsE TrUe....FaLsE
20 common amino acids 20 common amino acids
Common modifications of amino acid side chains in proteins Common modifications of amino acid side chains in proteins
Common eye and vision problems Common eye and vision problems
Diagonal pliers are another common tool that has many names. Diagonal pliers are another common tool that has many names.
Common Oral Lesions/Conditions Associated with HIV Infections and Treatment Guidelines Common Oral Lesions/Conditions Associated with HIV Infections and Treatment Guidelines
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library