Which of the following is NOT a political factor?
a. political stability of a country
b. the existence of well-established legal system
c. rules of commerce
d. humanitarian requirements
d. humanitarian requirements
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Which of the following is not a measure of variability of a single variable??
A. Range B. ?Covariance C. ?Standard deviation D. ?Interquartile range
Which of the following statements is most likely true of a company that relies mainly on equity financing?
A. It has to agree to burdensome covenants to acquire equity funds. B. It forgoes the opportunity to use financial leverage. C. It yields the same tax benefits as that of a company that relies only on debt financing. D. It imposes required payments on stockholders.
Common-sized income statements are used to compare companies that have the same amount of
revenues. Indicate whether the statement is true or false
Which of the basic financial statements is used to explain changes in the owner's equity that are NOT explained by the income statement?
A) Balance sheet B) Statement of shareholders' equity C) Income statement D) Cash flow statement