Which of the following is not correct?______.A.Each bond is, in effect, a long-term note p
Which of the following is not correct?______.
A.Each bond is, in effect, a long-term note payable that pays interest
B.Debentures are secured bonds that give the bondholder the right to take specified assets of the issuer if the company defaults
C.If bonds are issued at a discount, the discount is allocated to interest expense through amortization each period over the term of the bonds
D.Selling bonds is a less costly means of financing assets than issuing stock