Which of the following is a source of long-term funds for firms?
A. Trade credit
B. Revolving credit agreements
C. Factoring
D. Corporate bonds
Answer: D
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Geller Electronics paid $200,000 to acquire Tabletz Company, an electronic gadget-advertising website. At the time of the acquisition, Tabletz's balance sheet reported total assets of $200,000 and liabilities of $100,000. The fair market value of Tabletz's assets was $200,000. The fair market value of its liabilities was $100,000. Journalize the acquisition of Tabletz in the books of Geller Electronics. Omit explanation.
What will be an ideal response?
Dividends Payable is an example of a(n)
a. contingent liability. b. definitely determinable liability. c. estimated liability. d. long-term liability.
Which of the following costs would not be included in the inventory cost?
A) Invoice price B) Cost of goods held on consignment C) Freight-in D) Sales tax
. _________ is two or more people who interact in an organized manner to perform a task or activity to achieve a common goal.
a. A group b. A team c. An organization d. Interdependence