Long-Term Debt Instruments Used by Both Government and Business Are

question 45

Multiple Choice

Long-term debt instruments used by both government and business are known as ________.

• A) preferred stocks
• B) T-bills
• C) bonds
• D) equities

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Definitions:

Bank Statement Adjustment

The process of reconciling the difference between a bank's record of an account's balance and the amount shown in the account holder's books.

Company Books Adjustment

The act of making entries or corrections to the financial records of a business to reflect accurate and up-to-date accounting information.

Safe Deposit Box

A secure container, usually found at a bank, where customers can store valuable personal items.

Bank Statement Adjustment

The process of modifying the balance on a bank statement to reflect transactions that have not been recorded by the bank by the end of the reporting period.