Corporations with Many Bondholders Will Open a Separate Checking Account

question 60

Multiple Choice

Corporations with many bondholders will open a separate checking account because

• A)it is required by law.
• B)the account earns interest.
• C)it is easier to do the bookkeeping on the bond interest.
• D)it keeps the bond interest records separate for tax purposes.

---

Definitions:

Simp

A method of reducing complexity by focusing on the most essential aspects of something to understand or explain it better.

Conj

Short for "conjunction," it refers to a logical connective that joins two or more statements or propositions, requiring both or all to be true for the compound statement to be true.

Simp

A term used in internet slang to describe someone who performs excessive sympathy or attention towards another person, often without reciprocation.

Conj

Conj is an abbreviation often used for conjunction, a logical connective combining two or more propositions, events, or states.