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1) An item which may be converted to cash within one year or one operating cycle of the firm is classified as aA)current liability.B)long-term asset.C)current asset.D)long-term liability.2) Which of the following is not a primary source of capital to the firmA) assetsB)common stockC)preferred stockD)bonds3) The residual income of the firm belongs toA)creditors.B)preferred stockholders.C)common stockholders.D)bondholders.4) A person signs a contract calling for payments of $250000 per year to begin 10 years from now. To find the present value of this contract which table or tables should you useA)the future value of $1B)the future value of an annuity of $1 and the future value of $1C)the present value of an annuity of $1 and the present value of $1D)none of the above
1) An item which may be converted to cash within one year or one operating cycle of the firm is classified as a
A)current liability.
B)long-term asset.
C)current asset.
D)long-term liability. 2) Which of the following is not a primary source of capital to the firm? A) assets
B)common stock C)preferred stock D)bonds 3) The residual income of the firm belongs to A)creditors. B)preferred stockholders. C)common stockholders. D)bondholders. 4) A person signs a contract calling for payments of $250000 per year to begin 10 years from now. To find the present value of this contract which table or tables should you use?
A)the future value of $1 B)the future value of an annuity of $1 and the future value of $1 C)the present value of an annuity of $1 and the present value of $1 D)none of the above
1) An item which may be converted to cash within one year or one operating cycle of the firm is classified as a
A)current liability.
B)long-term asset.
C)current asset.
D)long-term liability. 2) Which of the following is not a primary source of capital to the firm? A) assets
B)common stock C)preferred stock D)bonds 3) The residual income of the firm belongs to A)creditors. B)preferred stockholders. C)common stockholders. D)bondholders. 4) A person signs a contract calling for payments of $250000 per year to begin 10 years from now. To find the present value of this contract which table or tables should you use?
A)the future value of $1 B)the future value of an annuity of $1 and the future value of $1 C)the present value of an annuity of $1 and the present value of $1 D)none of the above

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