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So2 26 long term debt results from borrowing funds

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SO226. Long-term debt results from borrowing funds via:*a. Bonds and loans with payment schedules several years in the futureb. Stocksc. Loans with payment due in the near futured. All of the above are examples of long-term debt.
SO227. Equity is considered:Ch 12 Test bank – 4ePage5of24
SO228. The transactions and resulting processes related to loans, bonds payable, and stock should beexecuted only when:
SO229. Select the correct statement from those listed below:
30. Items associated with debt do NOT include:a. Interestb. Maturity date*c. Dividendsd. Changes in stockholders’ equitySO2
31. Items associated with equity include all but:
SO332. Investment processes:
Ch 12 Test bank – 4ePage6of24
SO333. Which of the following, within the corporation, has the responsibility for making investmentdecisions?

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