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H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
Which of the following describes a debenture?
A) a bond that matures at one specified time
B) a bond that is not backed by specific assets
C) a bond that gives the bondholder a claim for specific assets
D) a bond that matures in installments at regular intervals
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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Posts: 1274
7 years ago
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H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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