Unsecured Bonds Are Called

question 32

Multiple Choice

Unsecured bonds are called

• A) junk bonds.
• B) debentures.
• C) indentures.
• D) subordinated debentures.
• E) either debentures or subordinated debentures.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund its day-to-day operations.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adjusting the starting inventory for purchases and sales during the period.