The four basic sources of long-term funds for a firm are ________
A) current liabilities, long-term debt, common stock, and preferred stock
B) current liabilities, long-term debt, common stock, and retained earnings
C) long-term debt, paid-in capital in excess of par, common stock, and retained earnings
D) long-term debt, common stock, preferred stock, and retained earnings
D
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Depreciation is a process by which
a. replacement funds are accumulated for plant and equipment. b. the decline in market value of plant and equipment is determined and recorded. c. the cost of plant and equipment is allocated to expense over the time periods which benefit from the use of the asset. d. the difference between current market value and historical cost of plant and equipment.
Samsung and Apple actively generate new ideas, relentlessly pursue new solutions, and quickly work to get new products to market
They serve customers who want state-of-the-art products and services, regardless of the costs in terms of price or inconvenience. Which of the following value disciplines is illustrated from this example? A) operational excellence B) customer intimacy C) product leadership D) product activation E) product binning
If the actual return on pension fund assets exceeds the expected return for the period, the difference is
a. a deferred loss. b. a deferred gain. c. recognized as a loss in the current period. d. recognized as a gain in the current period.
Accrued wages and taxes are secured sources of financing because companies are obligated to
make these payments before they make payments on any other loans or pay dividends. Indicate whether the statement is true or false