What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation ?

Related Mcqs:

1. What bond whose security is a mortgage on certain specified assets of the corporation ?

   A. Registered bond B. Collateral trust bond C. Mortgage bond D. Debenture bond...

2. What represents the ownership of stockholders who have a residual claim on the assets of the corporation after all other claims have been settled ?

   A. Authorized capital stock B. Preferred stock C. Incorporator stock D. Common stock...

3. What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?

   A. T-bills B. Securities C. Bond D. Bank notes...

4. What is defined as the current assets minus inventories and prepaid expenses ?

   A. Profit margin ratio B. Price-earnings ratio C. Return of investment ratio D. Quick ratio...

5. A firm borrows P2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due plus P2,000 more for 2 years at 8%. What is the lump sum due ?

   A. P 3,260.34 B. P 3,280.34 C. P 3,270.34 D. P 3,250.34...

6. An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method____________________?

   A. P 3,279.27 B. P 3,927.27 C. P 3,729.27 D. P 3,792.72...

7. What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents ?

   A. Depletion B. Inflation C. Depreciation D. Deflation...

8. Mr. Jun Ramos was granted a loan of P20,000 by his employer Excel First Review and Training Center, Inc. with an interest of 6% for 180 days on the principal collected in advance. The corporation would accept a promissory note for P20,000 non-interest for 180 days. If discounted at once, find the proceeds of the note?

   A. P18,000 B. P18,900 C. P19,000 D. P19,100...

9. ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method ?

   A. 7 eyars B. 8 years C. 9 years D. 10 years...

10. Which is true about corporation ?

    A. It is worse type of business organization. B. The minimum number of incorporators to start a corporation is three. C. Its life is dependent on the lives of the incorporators. D. The stock holders of the corporation are only liable to the extent of their investments....