Accounting Bonds Work - 279 Words
Chpt 14 acct241
E 14-1, 14-4, 14-5, 14-10
P 4-6 (may1 to jan1 only)
1. (a) From what sources might a corporation obtain funds through long-term debt? (b) What is a bond indenture? What does it contain? (c) What is a mortgage?
A) Bonds payable, long-term notes payable, mortgages payable, pension liabilities, and lease liabilities are examples of long- term liabilities.
B) It is an agreement that often includes the amounts authorized to be issued,...
279 Words | 2 Pages