All of the Following Statements Are True EXCEPT

question 1

Multiple Choice

All of the following statements are true EXCEPT:

• A) air bags contain rocket propellant.
• B) when an air bag deploys, it opens so fast that only a very good video camera can freeze the action enough to slow it down for frame-by-frame investigation.
• C) it is quite unusual for a windshield to be broken by the passenger side air bag.
• D) the driver side air bag is located in the steering wheel.

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Definitions:

Convertible Bonds

Bonds that can be converted into a predetermined number of shares of the issuing company's stock at certain times during their life, usually at the discretion of the bondholder.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the corporation's profits.

Journal Entry

A record in accountancy that captures the financial transactions of a company, showing the accounts affected and in which direction (debit or credit).

Convertible Securities

Financial instruments, such as bonds or preferred shares, that can be converted into a company’s common stock.