35. Which of the following definitions describes a serial bond? A. Matures on a single date. B. Secured only by the "full faith and credit" of the issuing corporation. Matures in installments. C. D. Supported by specific assets pledged as collateral by the issuer. 36, A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 6%. These bonds will sell at a price that is: A. B. C. D. Equal to $500,000. More than $500,000. Less than $500,000. The answer cannot be determined from the information provided. 37. The disadvantages of the corporate form of business include: A. B. Additional taxes. C. D. Ability to transfer ownership. Limited liability. Ability to raise capital. 38. Issued stock refers to the number of shares: Outstanding plus treasury shares. A. B. Authorized. In the hand of stockholders. That may be issued under state law. C. D. 39. Barry Corp. issued 10,000 shares of $1 par value stock for $5 per share. What is true about the journal entry to record the issuance? A. Debit Common Stock $10,000. B. Credit Cash $50,000. C.Credit Common Stock $50,000. D. Credit Additional Paid-In Capital $40,000. 40. Which of the following has the lowest expected return to the investor? A. Bonds. B. Preferred Stock. C. Common Stock. D. They all have similar expected returns