Question

What should be specified regarding redeemed bonds/debentures that the company has the power to reissue?

a.

The names of the bondholders.

b.

The date of redemption only.

c.

Particulars of redemption.

d.

The terms of repayment.

Posted under IC 89 Management Accounting

Answer: (c).Particulars of redemption. Explanation:Regarding redeemed bonds/debentures that the company has the power to reissue, the particulars of redemption should be specified.

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Q. What should be specified regarding redeemed bonds/debentures that the company has the power to reissue?
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