The accounts receivable turnover will be worse if a company accepts major credit cards

Why would a corporation issue bonds payable instead of issuing stock?

A) Debt is a less expensive source of capital than stock. B) Borrowing by issuing bonds payable carries no risk to the company. C) Debt affects the percentage of ownership of the corporation by the stockholders. D) Debt does not have to be shown on the balance sheet.

Which of the following would be considered community property?

A) Gift of property to a wife during her marriage B) A motor home bought during the marriage C) Property inherited by a husband during marriage D) Rental property owned by either husband or wife prior to the marriage