The Four Basic Sources of Long-Term Funds for the Business

question 14

Multiple Choice

The four basic sources of long-term funds for the business firm are

• A) long-term debt, common stock, preferred stock, and retained earnings.
• B) current liabilities, long-term debt, common stock, and preferred stock.
• C) current liabilities, long-term debt, common stock, and retained earnings.
• D) long-term debt, paid-in capital in excess of par, common stock, and retained earnings.

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Definitions:

Monroe Doctrine

A principle of US foreign policy originating in the early 19th century that opposes European colonialism in the Americas, viewing any new attempts at colonization as hostile acts toward the US.

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A senior official of the federal government, responsible for the foreign affairs of the United States.

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