Match the Definitions to the Terms

question 34

Multiple Choice

Match the definitions to the terms.
-The principal of these funds must remain intact.Typically,revenues earned may be distributed.

• A)Appropriations
• B)Debt service
• C)Capital projects
• D)Special assessments
• E)Internal services
• F)Enterprises
• G)Proprietary funds
• H)General fund
• I)Fiduciary funds
• J)Encumbrances

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Definitions:

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a portion of the company's profits through dividends.

Convertible Bonds

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

Interest

The cost of borrowing money, represented as a percentage of the principal, paid by the borrower to the lender for the use of the funds.

Interest Paid

The total amount of interest expense that a borrower has paid to lenders during a specific period, reflecting the cost of borrowing money.