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Question #68905

Which of the following statement is TRUE regarding debt?

Options:

A) Debt is an ownership interest in the firm.

B) Unpaid debt can result in bankruptcy or financial failure.

C) Debt provides the voting rights to the bondholders.

D) Corporation’s payment of interest on debt is fully taxable.

Answer: Which of the following statement is TRUE regarding debt Unpaid debt can result in bankruptcy or financial failure..

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