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73.Identify the correct definition of unsecured debenture.A.Debentures that are not secured by any asset. The debentures holders have the same rights as any other creditor on the case of liquidation.B.Debentures may be redeemed prior to the maturing date.C.Debenture holders have the option to convert their debenture into specific shares afer a specified period.D.Debenture secured by either movable or immovable assets. The debenture holder has the right to claim repayment from the proceeds of the sale of assets.74.Redeemable debentures can be described as__________12
75.Convertible debentures can be described as_________76.Identify the correct formula to calculate debt ratio.77.Which ratio is calculated by (Current Assets – Inventory) ÷ Current liabilities?A.Current ratioB.Current liability ratioC.Acid test ratioD.Profit ratio78.What is the main objective of the statement of cash flow?13
79.Operating activities can be described as_______.