Dirty Dog's Drilling Recently Issued a Corporate Bond on Which

question 306

Multiple Choice

Dirty Dog's Drilling recently issued a corporate bond on which it expects to pay interest for the next twenty years. Dirty Dog's would record this as a ________ on its balance sheet.

• A) declining balance asset
• B) retained earning
• C) long-term liability
• D) long-term expense

---

Definitions:

Role Performance Model

A theoretical framework that examines how individuals perform their social roles based on societal or personal expectations.

Renal Failure

A medical condition in which the kidneys lose the ability to remove waste and balance fluids, potentially leading to the need for dialysis or transplantation.

Respiratory Disorders

A wide range of conditions affecting the organs and tissues that make gas exchange possible, including conditions like asthma, COPD, and pneumonia.

Agent-Host-Environment Model

A framework in epidemiology that describes how the interaction between an infectious agent, a susceptible host, and the environment can result in disease.