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Company A has issued 5% 10m bonds to company Z. The bonds will only be redeemed if both A and Z agree to do so.

Company A has issued 5% 10m bonds to company Z. The bonds will only be redeemed if both A and Z agree to do so. This agreement should give rise to .......... In company A financial statements:

a.Equity

b.None of the above

c.Liability

d.Financial asset

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