Which of the Following Statements About Callable Debentures Is True

question 73

Multiple Choice

Which of the following statements about callable debentures is true?

• A)Callable debentures give the issuer the flexibility to pay off the debentures whenever it benefits the company.
• B)Whether the debentures are called or purchased,the journal entry is the same.
• C)The call price is usually 100 or a few percentage points above maturity value to provide an incentive to the debenture holder.
• D)All of the above

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Definitions:

Right To Privacy

The right of an individual to be free from unwarranted intrusion into personal life, as protected by law.

Griswold V. Connecticut

A landmark Supreme Court case in 1965 that ruled state bans on contraceptive use by married couples were unconstitutional, basing the decision on rights of privacy.

Legality Of Contraceptives

Refers to the legal status of birth control methods and their accessibility under law.

Tinker V. Des Moines

A significant Supreme Court decision in 1969 that defined the constitutional rights of students in U.S. public schools, determining that students do not "shed their constitutional rights to freedom of speech or expression at the schoolhouse gate."