Practicing Success
Which of the following statement is correct about debenture? |
A debenture holder is an owner of the company A debenture holder can get his money back only on the liquidation of the company. A debenture issued at a discount can be redeemed at a premium A debenture holder received interest only in the event of profits. |
A debenture issued at a discount can be redeemed at a premium |
Depending upon the terms and conditions of issue and redemption of debentures, the following six situations are commonly found in practice. |