The total interest cost on forty-six (46), ten-year, 6 percent, $1,000 bonds that are issued at 98 is

What are the effects on a company's balance sheet if it were to issue a bond and hold the proceeds in cash?

a) its liabilities increase b) its assets increase c) its equity increases d) its book value increases e) its market value increases

Which of the following forms of business organizations exists as a legal entity?

A) A labor union B) A sole proprietorship C) A partnership D) A corporation