Choose the Appropriate Letter to Match the Term and the Definition.Not

Short Answer

Choose the appropriate letter to match the term and the definition.Not all definitions will be used.
Term
1._____ Accrued liability
2._____ Loan covenant
3._____ Issue price
4._____ Face value
5._____ Line of credit
6._____ Public debt offering
7._____ Security
8._____ Contingent liability
9._____ Debt-to-assets ratio
Definition
A.Bond features that allow the issuer to repay the loan early.
B.A prearranged agreement that allows a company to borrow at will up to a limit.
C.This item is reported as a contra asset account.
D.The amount that the lender actually pays for a bond.
E.The cost of issuing a bond.
F.Debt features that,if violated,allow the lender to revise loan terms.
G.The total amount of money that a company owes in debt.
H.The amount a company must repay creditors when a bond matures.
I.These are liabilities that have been incurred during the period but not yet paid.
J.When a company borrows money by issuing bonds in the financial markets.
K.A bond feature that allows a creditor to seize assets if debt is not properly repaid.
L.This type of liability is uncertain; it exists only if some other condition occurs.
M.Total liabilities divided by total assets.