Question: Which statement about bonds payable is false? A company can issue bonds payable to raise cash in the bond market. A company will issue bonds

Which statement about bonds payable is false?

  1. A company can issue bonds payable to raise cash in the bond market.
  2. A company will issue bonds payable when it needs to raise a large amount of money.
  3. There is usually only one bondholder.
  4. The bond certificate includes the interest rate and the maturity or due date.

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