1) Which of the following financial statements provides a snapshot view of the firm at a given point in time?

A) Income Statement

B) Both B and D

C) Cash Flow Statement

D) Balance Sheet

2) Which of the following are non-financial claims?

A) Both pension obligations and taxes payable

B)Taxes payable

C)Pension obligations

D)Notes payable

3) A bond feature that allows an investor to exchange debt for shares of common stock is called a

A) Putability feature

B)Sinking fund feature

C)Convertibility feature

D)Callability feature