Wholesalers fall into three major groups: merchant wholesalers, brokers and agents, and megawholesalers

Which one of the following statements about vanilla bonds is NOT true?

A) They have no special provisions. B) The face value, or par value, for most corporate bonds is $1,000. C) Coupon payments are usually made quarterly. D) The bond's coupon rate is calculated as the annual coupon payment divided by the bond's face value.

When a business records the earning of service revenue, the Service Revenue account is credited

Indicate whether the statement is true or false