COMM 103 Chapter Notes - Chapter 13&14: Financial Statement Analysis, Limited Liability Partnership, Initial Public Offering

• School: Queen's University
• Department: Commerce
• Course: COMM 103
• Professor: Gary Bisonnette

Document Summary

As the need if the organization change, or the level of risk magnifies, the need to adjust the legal structure increases. Limited liability partnership (llp) made up of both general partners an limited partners. Shares are not publicly traded occur as private transactions: public corporations: Corporations whose shares of stocks are initially issued via an. Stocks are traded on at least one stock exchange. Funds derived from operations: current-year operating profits total revenue total operating, retained earnings dollar amount of net earnings an organization has. Debt financing: credit facilities are type of debt financing, legal obligation to pay both interest, if applicable and principal when due regardless of the organization"s financial position, short-term credit facilities. Debt obligations for a short period of time (within one fiscal period) Borrowing against accounts receivable or against line of credit (loc) Debt obligations over a time frame that exceeds a year.