The Following Are Various Types of Secured Debt

question 18

Multiple Choice

The following are various types of secured debt:
I. Mortgage bonds
II. Collateral trust bonds
III. Equipment trust certificate
IV. Debentures

• A) I only
• B) I and II only
• C) I, II and III only
• D) I, II, III and IV

---

Definitions:

Net Cash

The amount of cash available after accounting for cash inflows and outflows over a period.

Financing Activities

Transactions related to raising and repaying capital, such as issuing stocks or bonds and paying dividends.

Net Cash

The amount of cash that is available after all debts and expenses have been paid.

Investing Activities

Transactions involving the acquisition or sale of long-term assets and other investments not included in cash equivalents.