1. Describe intangible assets. 2. Is it possible for working capital to be negative? Retained earnings? Why?...

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1. Describe "intangible" assets.

2. Is it possible for working capital to be negative? Retained earnings? Why?

3. The liquidity of assets is important to creditors. Does the liquidity of assets affect OE? Why?

4. What might be of consideration in an exchange of intellectual property (IP) for common stock?

5. Does preferred stock have an advantage in bankruptcy proceedings?

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