A bond is a formal debt instrument that obligates the borrower to repay a stated amount at the maturity date. This stated amount is referred to as the:
A) Note.
B) Interest.
C) Lease.
D) Principal or face amount.
Answer: D
Accounting MCQ
Accounting
A bond is a formal debt instrument that obligates the borrower to repay a stated amount at the maturity date. This stated amount is referred to as the:
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