Which of the following statements is false?
A) Debenture bonds are secured liabilities
B) Debenture bonds are issued based upon the credit rating of the company
C) A company must have a long history of profitability to issue debenture bonds.
D) A company must have strong positive cash flows to issue debenture bonds.
A
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A business repays the amount borrowed on a note with cash. Which of the following accounts is credited?
A) Accounts Payable B) Cash C) Notes Payable D) Notes Receivable
Which of the following is not true about continuous random variables?
A) They have an infinite set of values. B) The area under each of the curves represents probabilities. C) The entire area under each of the curves equals 1. D) Some may be described by uniform distributions or exponential distributions. E) They can only be integer values.