Below Are the 2013 and 2014 Year-End Balance Sheets for Tran

question 63

Multiple Choice

Below are the 2013 and 2014 year-end balance sheets for Tran Enterprises:
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The firm has never paid a dividend on its common stock,and it issued $2,400,000 of 10-year,non-callable,long-term debt in 2013.As of the end of 2014,none of the principal on this debt had been repaid.Assume that the company's sales in 2013 and 2014 were the same.Which of the following statements must be CORRECT?

• A)The firm increased its short-term bank debt in 2014.
• B)The firm issued long-term debt in 2014.
• C)The firm issued new common stock in 2014.
• D)The firm repurchased some common stock in 2014.
• E)The firm had negative net income in 2014.

Recognize the advantages of renting and the financial considerations it entails.

Understand the concept of equity and how it can be built in home ownership.

Comprehend the importance of location, appraisal, and negotiations in real estate transactions.

Recognize the legal and financial responsibilities of home ownership.

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Definitions:

Interaction

A reciprocal action or influence between two or more entities, objects, or individuals.

Reunion

The act of coming together again after being separated, often referring to gatherings of family, friends, or colleagues.

Ambivalent/Resistant Attachment

A form of insecure attachment where children are overly dependent on caregivers and show difficulty in separating from them.

Leave-Takings

The act of saying goodbye or departing, especially in a formal or significant context.