A Bond Payable

question 54

Multiple Choice

A bond payable:

• A)is special type of long-term interest-bearing note payable issued by a corporation to raise capital.
• B)is the annual interest rate based on face value.
• C)is the amount to be paid on the maturity date of a bond.
• D)is the information on the bond certificate written by the corporation in a formal agreement.

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Definitions:

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