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A Firm Has Total Assets of $800,000 and Total Liabilities

question 58

Multiple Choice

A firm has total assets of $800,000 and total liabilities of $200,000. If profit after tax and interest is $150,000, the return on shareholders' funds is:


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Key-number System

A comprehensive indexing system used in legal research to organize and categorize case law into various topics and subtopics.

Legal Research

Investigative work conducted to uncover relevant legal precedents, statutes, and case law to support legal arguments.

Headnotes

Brief summaries or annotations at the beginning of a legal document or case report outlining the main points or legal principles.

Digest

A compilation in which brief summaries of court cases are arranged by subject and subdivided by jurisdiction and court.

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