Which of the following individuals have unlimited liabilitybased on their ownership interest? I. general partner II. sole
Question:
Which of the following individuals have unlimited liabilitybased on their ownership interest?
I. general partner
II. sole proprietor
III. stockholder
IV. limited partner
A. II only
B. I and II only
C. II and IV only
D. I, II, and III only
E. I, II, and IV only
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A company paid $1,300 in dividends and $920 in interest thispast year. The common stock paid-in capital account increasedby $1,200 and retained earnings decreased by $310. What isthe net income for the year?
A. -$210
B. $990
C. $1,610
D. $1,910
E. $2,190
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The cash flow of a firm which is available for distribution tothe firm's creditors and stockholders is called the:
A. cash flow from operations.
B. capital expenditures.
C. net working capital.
D. free cash flow.
E. additions to net working capital.
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A company had the following working capital accountvalues. What effect did the change in net working capitalhave on the firm's cash flows for the year? |
|
| Beginning of Year |
| End of Year | |||||
Cash |
|
| $179 |
|
|
| $164 |
|
|
Accounts receivable |
|
| 415 |
|
|
| 480 |
|
|
Inventory |
|
| 987 |
|
|
| 923 |
|
|
Accounts payable |
|
| 562 |
|
|
| 649 |
|
|
A. net use of cash of $73
B. net use of cash of $88
C. net source of cash of $86
D. net source of cash of $101
E. net source of cash of $135
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary