The largest single source of funds for the firm in 2015 is ________. (See Table 4.1)
A) an increase in net profits after taxes
B) an increase in notes payable
C) an increase in long-term debt
D) an increase in inventory
C
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. ______ are government officials who work (often behind the scenes) to oppose their leaders.
Fill in the blank(s) with the appropriate word(s).
A trial balance has a debit total of $10,000 and a credit total of $9,900 . Which of the following could be the cause of the 'out-of-balance' trial balance?
a. A debit to Cash for $50 was posted as a credit to the Cash account. b. A credit to Cash for $50 was posted as a debit to the Cash account. c. The Accounts Receivable account with a balance of $100 was omitted from the trial balance. d. The Capital account balance was understated by $500. e. The Office Equipment account is listed on the trial balance with a debit balance of $500 instead of $1,500.
Which of the following statements is CORRECT?
A. If a bond is selling at a discount, the yield to call is a better measure of return than is the yield to maturity. B. On an expected yield basis, the expected capital gains yield will always be positive because an investor would not purchase a bond with an expected capital loss. C. On an expected yield basis, the expected current yield will always be positive because an investor would not purchase a bond that is not expected to pay any cash coupon interest. D. If a coupon bond is selling at par, its current yield equals its yield to maturity, and its expected capital gains yield is zero. E. The current yield on Bond A exceeds the current yield on Bond B; therefore, Bond A must have a higher yield to maturity than Bond B.
FINOVA eventually declared bankruptcy
Indicate whether the statement is true or false