Question: 1. Equity = Assets - Current fiabilities - Long term liabilities True False 2. Corporations usually pay interest to bondholders and receive the dividends (Net

1. Equity = Assets - Current fiabilities - Long term liabilities

1. Equity = Assets - Current fiabilities - Long term liabilities True False 2. Corporations usually pay interest to bondholders and receive the dividends (Net income minus Addition to Retained Earnings) from shareholders True O False 3. The annual report is issued annually by a corporation to its managers and creditors. * O True O False 4. Equipment and lands are depreciated while trade marks and copyrights are amortized over time True False 5. Number of common shares times EPS should equal the net income of the company True

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