ACC 206 (ACC 206)
Ashford University
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ACC 206 Week 2 quiz
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---1agosto 20212021/2022
- Some preferred stock may be converted to common stock at the discretion of the stock 
purchaser. (Points : 1) 
True 
False 
Long term notes payable would appear in the same section of the balance sheet and statement 
of cash flows as bonds payable. (Points : 1) 
True 
False 
A bond indenture has specific assets that are pledged as collateral to insure payment. (Points : 
1) 
True 
False 
A bond purchaser would never pay more than face value for a bond. (Points : 1)
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