Bonds That Mature at More Than One Date with the Result

question 178

Multiple Choice

Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:

• A)Registered bonds.
• B)Bearer bonds.
• C)Callable bonds.
• D)Sinking fund bonds.
• E)Serial bonds.

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Definitions:

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for resale, such as machinery, buildings, and vehicles.

Capital Expenditures Budget

The capital expenditures budget outlines the planned spending on assets that have a long term impact on the company, such as buildings, machinery, and equipment.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specified period, often used to assess liquidity.

Sales Budget

An estimate of the expected sales revenue for a particular period, often used for planning and control purposes.