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BFIN 300 Midterm Exam Questions With Solutions
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BFIN 300 Midterm Exam Questions With Solutions Which of the following forms of business organization is subject to double taxation? A. Corporation B. Partnership C. Limited Partnership D. Sole Proprietorship A. Corporation Control of the firm ultimately rests with A. CEO B. SEC C. Stockh...

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  • October 13, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bfin 300 midterm exam questions with solutions

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  • BFIN 300
  • BFIN 300

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BFIN 300 Midterm Exam Questions With
Solutions

Which of the following forms of business organization is subject to double taxation?

A. Corporation

B. Partnership

C. Limited Partnership


D. Sole Proprietorship A. Corporation




Control of the firm ultimately rests with

A. CEO

B. SEC

C. Stockholders


D. Founder C. Stockholders




Which of the following should a financial manager take into account when considering an

opportunity?

A. How much cash they expect to receive

B. When will they receive the funds

C. How likely they are to receive the funds

, BFIN 300 Midterm Exam Questions With
Solutions
D. All of the above D. All of the above




Balance Sheet Formula Assets = Liabilities + Stockholders' Equity




Income Statement Formula Net Income = Revenue - Expenses




Cash Flow Statement Formula Source of Funds - Use of Funds




ABC Corporation has current assets of $5,200, fixed assets of $26,000, current liabilities of

$4,900, and long-term debt of $15,000. What is the ABC Corporation's total equity? What is the

NWC of ABC Corporation?

A. Total Equity $11,000; NWC $11,300

B. Total Equity $11,300; NWC $300

C. Total Equity $11,000; NWC $300


D. Total Equity $11,300; NWC $11,000 B. Total Equity $11,300; NWC $300




XYZ Corporation's balance sheet of 2019 showed net fixed assets of $1.56 mil, and the 2020

balance sheet showed net fixed assets of $1.78 mil. The company's 2020 income statement

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