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FINRA Series 7

Category - Series 7

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When a corporation issues a nonconvertible debenture, what is the effect upon its net worth?

it increases
if decreases
if is unchanged
none of the above

Explanation

Answer: C - it is unchanged. The debentures add to liabilities and to cash (an asset) received from the sale. There is no effect on net worth.

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FINRA Series 7

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FINRA Series 7

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