Sereen Shot Philips, Libby, Libby, 5e, ers\' Equity of Shot A corporation that h

Question

Sereen Shot Philips, Libby, Libby, 5e, ers' Equity of Shot A corporation that has a loan covenant (Check all that apply.) Screen Shot Screen Shot Check all that apply. may be required to repay the loan immediately if it violates the covenant is required to pay dividends to its creditors first, and then may pay the stockholders' dividends, but only if enough remains must disclose the covenant in the notes to the financial statements is prohibited from paying a dividend Shot Screen Shot AM Screen Shot Screen Shot 2.41 AM 2018-03...9.00 AM Read about this Do you know the answer? Unsure No idea Screen Shot 2018-03.. .9.37 AM Think so CL

Explanation / Answer

Loan covenant restricts the borrower from doing certain things, comply with terms of the loan agreement, if borrower does not comply with the terms specified then the lender has the right to demand the full payment and the situation is considered as defaulted.

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