The Functions of the Finance Department Include All of the Following

question 40

Multiple Choice

The functions of the finance department include all of the following activities except:

• A)paying employees and vendors.
• B)selling products to customers.
• C)receiving payments from customers.
• D)selling stock.
• E)paying dividends.

Know the advantages and disadvantages of financing through bonds or long-term notes.

Understand the concept of carrying value and how it changes over the bond's life.

Grasp the tax implications of bond interest and the effect on company financial statements.

Understand the basic concepts and types of bonds, including callable bonds and debentures.

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