Which of the Following Is NOT a Source of Long-Term

question 3

Multiple Choice

Which of the following is NOT a source of long-term funding for limited companies?

• A) Debentures issued.
• B) Ordinary shares issued.
• C) Dividends paid.
• D) Preference shares issued.

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Definitions:

Gross Profit

the difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Cost Of Goods Sold

The immediate expenses directly related to creating a company's sold products, covering both labor and materials costs.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, after all sales and purchases have been accounted for.

Accounting Period

A specific time frame for which financial statements are prepared, to measure the performance and financial position of a business.