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    Financial Accounting Study Set 5
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    Exam 11: Long-Term Liabilities
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    The Responsibility for Receiving the Proper Amount of Interest Falls
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The Responsibility for Receiving the Proper Amount of Interest Falls

Question 40

Question 40

Multiple Choice

The responsibility for receiving the proper amount of interest falls on the bondholder most heavily in the case of


A) unsecured bonds
B) secured bonds
C) coupon bonds.
D) registered bonds.

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