The corporation must maintain a subsidiary ledger showing who owns the bonds and is entitled to receive interest payments if the bonds are

Question

Quizplus · Accepted Answer

Registered bonds require the owner's information to be recorded in a subsidiary ledger, whereas bearer bonds do not require any record-keeping. Coupon bonds may or may not be registered, depending on the issuer's preference. Unregistered bonds are similar to bearer bonds in that ownership information is not recorded. Therefore, the correct choice is C – registered bonds.

The Corporation Must Maintain a Subsidiary Ledger Showing Who Owns