In 2012, U.S. Corporate and Foreign Bonds Totaled

question 59

Multiple Choice

In 2012, U.S. corporate and foreign bonds totaled:

• A) less than $500 billion.
• B) about $3 trillion.
• C) about $7 trillion.
• D)more than $12 trillion.

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Definitions:

Subsidiary Entity

An entity that is controlled by another entity, the control often being evidenced through ownership of more than half of the voting rights or through other means of control.

Consolidation Adjustment

Adjustments made to eliminate intercompany transactions and balances during the preparation of consolidated financial statements for a group of companies.

Inventories

Goods or materials that a business holds for the purpose of sale or production.

Subsidiary Entity

A company that is controlled by another company, known as the parent company, through ownership of more than half of its voting stock or through control of its operations.