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ACC 206 ACC206 Week 2 Power Point Quiz Chapter 2 with Answers

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ACC 206 Principles of Accounting II Week 2 Power Point Quiz Chapter 2 Answers

Preferred stock is preferred by investors because it has guaranteed dividends. (Points : 1)

Question 2. 2. Some preferred stock may be converted to common stock at the discretion of the stock purchaser. (Points : 1)

Question 3. 3. Long term notes payable would appear in the same section of the balance sheet and statement of cash flows as bonds payable. (Points : 1)

Question 4. 4. A bond indenture has specific assets that are pledged as collateral to insure payment. (Points : 1)

Question 5. 5. A bond purchaser would never pay more than face value for a bond. (Points : 1)

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