Which of the Following Statements Concerning Bonds Is Not a True

question 147

Multiple Choice

Which of the following statements concerning bonds is not a true statement?

• A) Bonds are generally sold through an investment company.
• B) The bond indenture is prepared after the bonds are printed.
• C) The bond indenture and bond certificate are separate documents.
• D) The trustee keeps records of each bondholder.

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Definitions:

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Title

Legal ownership of property, evidenced by a document or record.

Sale of Goods

A transaction between a buyer and a seller involving the exchange of tangible personal property for payment.

Gift

A voluntary transfer of property or funds from one person to another without expecting anything in return.