When a corporation needs a larger amount of money than is possible by borrowing from one lender, or it does not want to borrow it all from one lender, which of the following might it use?
a. Corporate bond
b. Sinking fund
c. Financial leverage
d. Term-loan agreement
a. Corporate bond
Business
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Sea the World Cruises, Inc., began operations in January by issuing 500,000 shares of $0.10 par value common stock for $10 per share. It also issued 1,000 shares of $150 par value, 6%, cumulative preferred stock for $150 each. The journal entry to record the issuance of the preferred stock includes a ______.
a. debit Cash $9,000 b. debit Preferred Stock $150,000 c. debit Preferred Stock $9,000 d. credit Cash $9,000 e. credit Preferred Stock $9,000 f. debit Cash $150,000 g. credit Cash $150,000 h. credit Preferred Stock $150,000
Business
Avoid overloading ______________ with information
a. documents b. your audience c. computer memory d. others
Business