Which of the Following Statements Is False

question 90

Multiple Choice

Which of the following statements is false?

• A) Any bond sold outside the country of the borrower is called an international bond.
• B) Foreign bonds and Eurobonds are two important types of international bonds.
• C) Foreign bonds are bonds sold by a foreign borrower but denominated in the currency of the country in which the issue is sold.
• D) The term Eurobond specifically applies to any foreign bonds denominated in U.S.currency.
• E) None of the above.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company's books for the next period.

Accounting Cycle

A sequence of steps in processing financial transactions, from the initial recording to the preparation of financial statements, usually completed over a specific period.

General Journal

A bookkeeping ledger that records each financial transaction of a company in chronological order.