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1. Mention three types of long-term liabilities. 2. Mention whether or not it is true that in a bond the interest is paid per period
1. Mention three types of long-term liabilities. 2. Mention whether or not it is true that in a bond the interest is paid per period and the principal at the end. 3. If a bond sells at a premium, does the firm receive more money than the bond's face value or less money than its face value? 4. Indicate three characteristics that a bond can have (example be "quiet"). 5. If we have a rental in which the present value of the payments constitutes 90% of the value of that asset if it were purchased, what type of rental are we talking about: "Capital Lease" or if it is "Operating Lease"?
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