250 words pleaseYour friend has just purchase

250 words pleaseYour friend has just purchase

250 words pleaseYour friend has just purchased one hundred shares of the common stock of the Davidson Corporation. Your friend notices that the company shows an amount of $5,000,000 labeled as bonds payable in the balance sheet. You have just recently received your license as a CPA, and your friend has come to you for advice. She begins by asking: What are bonds payable, and what should I know about them in terms of my investment in Davidson Corporation?Required:How would you respond to the question posed by your friend?


Comments are closed.