1. What is the main difference between a bond and a share of stock?

2. What is the advantage of issuing bonds instead of obtaining financing from the companys owners?

3. What is a bond indenture? What provisions are usually included in it?

4. What are the contract rate and the market rate for bonds?

5. What is the reporting purpose of the statement of cash flows?

6. What are some investing activities reported on the statement of cash flows?

7. What are some financing activities reported on the statement of cash flows?

8. Explain the difference between financial reporting and financial statements.

9. What is the difference between comparative financial statements and common-size comparative statements?