Which of the following individuals have unlimited liability based on their ownership interest?
I. general partner
II. sole proprietor
III. stockholder
IV. limited partner
A. II only
B. I and II only
C. II and IV only
D. I, II, and III only
E. I, II, and IV only
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A company paid $1,300 in dividends and $920 in interest this past year. The common stock paid-in capital account increased by $1,200 and retained earnings decreased by $310. What is the net income for the year?
A. -$210
B. $990
C. $1,610
D. $1,910
E. $2,190
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The cash flow of a firm which is available for distribution to the firm's creditors and stockholders is called the:
A. cash flow from operations.
B. capital expenditures.
C. net working capital.
D. free cash flow.
E. additions to net working capital.
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A company had the following working capital account values. What effect did the change in net working capital have on the firm's cash flows for the year?
Beginning of Year
End of Year
Cash
$179
$164
Accounts receivable
415
480
Inventory
987
923
Accounts payable
562
649
A. net use of cash of $73
B. net use of cash of $88
C. net source of cash of $86
D. net source of cash of $101
E. net source of cash of $135
Which of the following individuals have unlimited liability based on their ownership interest?
I. general partner
II. sole proprietor
III. stockholder
IV. limited partner
A. II only
B. I and II only
C. II and IV only
D. I, II, and III only
E. I, II, and IV only
--------------------------------------------------
A company paid $1,300 in dividends and $920 in interest this past year. The common stock paid-in capital account increased by $1,200 and retained earnings decreased by $310. What is the net income for the year?
A. -$210
B. $990
C. $1,610
D. $1,910
E. $2,190
------------------------------------------------------------------
The cash flow of a firm which is available for distribution to the firm's creditors and stockholders is called the:
A. cash flow from operations.
B. capital expenditures.
C. net working capital.
D. free cash flow.
E. additions to net working capital.
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A company had the following working capital account values. What effect did the change in net working capital have on the firm's cash flows for the year? |
Beginning of Year | End of Year | ||||||||
Cash | $179 | $164 | |||||||
Accounts receivable | 415 | 480 | |||||||
Inventory | 987 | 923 | |||||||
Accounts payable | 562 | 649 |
A. net use of cash of $73
B. net use of cash of $88
C. net source of cash of $86
D. net source of cash of $101
E. net source of cash of $135