Firms with Tangible Long-Term Assets and Predictable Cash Flows, Such

question 166

Multiple Choice

Firms with tangible long-term assets and predictable cash flows, such as electric utilities, tend to have balance sheets with a

• A)high proportion of long-term debt (80% or more).
• B)low proportion of long-term debt (20% or less).
• C)high proportion of shareholders' equity (80% or more).
• D)high proportion of cash (80% or more).
• E)high proportion of retained earnings (80% or more).

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Definitions:

Muckrakers

Journalists and writers of the late 19th and early 20th centuries who exposed and criticized social injustices, corruption, and abuses of power, aiming to spur reform.

Historical Significance

The importance of an event, person, or place in history due to its impact, influence, or contribution to historical developments.

Socialism

A political and economic theory advocating collective or governmental ownership and administration of the means of production and distribution of goods.