Register now or log in to join your professional community.
<p><em><strong>I. Both debt and equity security holders have an ownership interest in the corporation.</strong></em></p> <p><em><strong>II. Both debt and equity securities have an obligation to pay income.</strong></em></p> <p><em><strong>a. I only.</strong></em></p> <p><em><strong>b. II only.</strong></em></p> <p><em><strong>c. Both I and II.</strong></em></p> <p><em><strong>d. Neither I nor II.</strong></em></p>
Answer D. B/s
1. Some debt holders doesn't have ownership interest. They are usually short term interest.
2. For Equity securities companies are not expected to pay out of income unless the the company board agreed so for different reason. For Debt securities companies are required to pay out of income other wise there will be legal consequence for failure to do so.
___________________________
answer D :
d. Neither I nor II.
______________________
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.