A U.S.company issues bonds to generate money for expanding its business to China.The company generates a sum of $50,000 in this fashion.This money is an example of a(n)________.
A) short-term finance
B) long-term liability
C) owners' equity
D) accrued expense
E) payable account

Question

Quizplus · Accepted Answer

A)Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.
B)Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.
C)Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.
D)Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.
E)Long-term liabilities are obligations that fall due more than a year from the date of the balance sheet. Long-term liabilities include loans, leases, and bonds.

A USCompany Issues Bonds to Generate Money for Expanding Its Business