Which of the following statement is TRUE regarding debt?

A. Debt is an ownership interest in the firm.
B. Unpaid debt can result in bankruptcy or financial failure.
C. Debt provides the voting rights to the bondholders.
D. Corporation’s payment of interest on debt is fully taxable.

Right Answer: Unpaid debt can result in bankruptcy or financial failure.

January 17, 2018   Asghar Khan    Finance  
Total 1 Votes:
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