All 30 MCQ for the week 6 finals, 100% result assured.
Multiple Choice Question 51
Which of the following is considered a hybrid organizational form?
limited liability partnership
partnership
corporation
sole proprietorship
Multiple Choice Question 59
Which of the following is a principal within the agency relationship?
the CEO of the firm
a shareholder
the board of directors
a company engineer
Multiple Choice Question 57
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?
$2,123,612
$803,010
$1,844,022
$2,303,010
Multiple Choice Question 78
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 retained earnings.
The statement of working capital.
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