Accountıng Iı Deneme Sınavı Sorusu #1063765
Which of the following statements is the main characteristics of bearer bonds?
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This type of bonds is not recorded in the name of the owner. |
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This type of bonds is issued in the name of the owner. |
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This type of bonds pays no interest unless the issuing company is profitable. |
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This type of bonds pays interest from specified revenue sources. |
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This type of bonds gives the issuer the right to call and retire the bonds prior to maturity. |
Bonds issued in the name of the owner are called “registered bonds” and require surrender of the certificate and issuance of a new certificate to complete a sale. Bonds not recorded in the name of the owner are called “bearer (coupon) bonds” and they can be transferred from one owner to another by mere delivery. The correct answer is A.
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