________ are orders that have been placed but not yet completed

A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the noteis

a. $6,860 b. $7,140 c. $7,840 d. $7,000

Convertible bonds give the issuing corporation the option of calling for redemption at a stated price before maturity date

a. True b. False Indicate whether the statement is true or false