Author Question: Which of the following is a restrictive covenant? A) to maintain satisfactory accounting records ... (Read 65 times)

Medesa · **on:** Jul 11, 2018

Which of the following is a restrictive covenant?

A) to maintain satisfactory accounting records
B) to pay the taxes due
C) to supply audited financial statements
D) to impose fixed asset restrictions

Question 2

Generally, the order of cost, from the least expensive to the most expensive, for long-term capital of a corporation is ________.

A) new common stock, retained earnings, preferred stock, long-term debt
B) common stock, preferred stock, long-term debt, short-term debt
C) preferred stock, new common stocks, common stock, retained earnings
D) long-term debt, preferred stock, retained earnings, new common stock