Which of the following statement is TRUE regarding debt?

A: Debt is an ownership interest in the firm.

B: Unpaid debt can result in bankruptcy or financial failur

C: Debt provides the voting rights to the bondholders.

D: Corporations payment of interest on debt is fully taxable.

Check Correct Option

Unpaid debt can result in bankruptcy or financial failure.

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Which of the following statement is TRUE regarding debt?

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