Scott Drilling Contractors Recently Issued a Corporate Bond on Which

question 154

Multiple Choice

Scott Drilling Contractors recently issued a corporate bond on which it expects to pay interest for the next twenty years. Scott would record this as a __________ on its balance sheet.

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

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Definitions:

General Adaptation Syndrome

A framework that outlines how the body initially responds to stress and its subsequent long-term effects, characterized by three phases: alert, resistance, and fatigue.

Prolonged Stressor

A persistent or long-lasting source of stress that can negatively affect an individual's psychological and physical health.

External Stressors

Stressors that include anything from outside sources that causes you pain and discomfort.

Type A Personality

A temperament characterized by high competitiveness, self-imposed stress, impatience, and a constant sense of urgency.