FIN 571 FINAL (LATEST) - 66256

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Which of the following is considered a hybrid organizational form?

 

corporation

 

limited liability partnership

 

partnership

 

sole proprietorship

Multiple Choice Question 59

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Which of the following is a principal within the agency relationship?

 

a shareholder

 

a company engineer

 

the board of directors

 

the CEO of the firm

Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period?

 

The statement of cash flows.

 

The statement of retained earnings.

 

The statement of working capital.

 

The statement of net worth.

Teakap, Inc., has current assets of $ 1,456,312 and total assets of $4,812,369 for the year ending September 30, 2006. It also has current liabilities of $1,041,012, common equity of $1,500,000, and retained earnings of $1,468,347. How much long-term debt does the firm have?

 

$2,303,010

 

$2,123,612

 

$803,010

 

$1,844,022

 

Solution Description

 

Which of the following is considered a hybrid organizational form?

 

corporation

 

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