(A) asset
(B) expense
(C) liability
(D) capital
Answer: (C) liability
No, debentures are long-term liabilities of the company as it must be repaid in the future.
(A) asset
(B) expense
(C) liability
(D) capital
Answer: (C) liability
No, debentures are long-term liabilities of the company as it must be repaid in the future.