A Company Issued $10,000,000 of Bonds

question 151

Multiple Choice

A company issued $10,000,000 of bonds. Assuming the most common denomination of bonds, the number of bonds sold was

• A)10,000.
• B)100,000.
• C)1,000,000.
• D)10,000,000.

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Definitions:

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net income or loss.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.