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FIN571 Week 6 finals

All the 30 MCQ answered.

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1.       Which of the following is considered a hybrid organizational form?
2.       Which of the following is a principal within the agency relationship?
3.       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?
4.       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?

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