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To raise funds, firms often issue bonds, which obligate the issuer to make payments of interest, and sometimes principal, to the lender on specified dates. Bond...
Ownership in a corporation is represented by stock certificates, which is why the owners are called stockholders. In some states, stockholders are called shareholders. Ownership interest...
Owner’s equity represents the residual claims of the owners to the assets of the business and sometimes is referred to as net assets or net worth....