1. A financial statement showing total current assets and total current liabilities is known as

A. Congenital balance sheet

B. Complex balance sheet

C. Classified balance sheet

D. Comprehensive balance sheet

E. Comparative balance sheet

2)Sinking fund bonds require the borrower to

A. invest funds each year to retire the bonds at maturity

B. convert to common stock before maturity

C. pay interest detaching a coupon redeemable at a financial institution

D. retire the entire issue

E. None of the above are correct