Please answer the following statements as either true or false.
Debentures have specific assets of the issuing company pledged as collateral.
Both interest on bonds and dividends on stocks are tax deductible. When the contract rate is above the market rate, a bond sells at a discount. A common installment note payment pattern is equal interest paymente over the life of the loan with the principal of the loan due at maturity. The controlling company is called the parent company and the investee company is called the subsidiary. A credit sale to an international customer uses the same exchange rate for the date of sale and the cash payment date.