A corporation’s first sale of equity made available to the public is called a(): ().
A. share repurchase program
B. private placement
C. initial public offering(IPO)
D. seasoned equity offering
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A major disadvantage of the corporate form of organization is the ().
A. double taxation of dividends
B. inability of the firm to raise large sums of additional capital
C. limited liability of shareholders
D. limited life of the corporate form
Which of the following items concerns financing decision?()
A. sales forecasting
B. bond issuing
C. receivables collection
D. investment project
() is the value at some future time of a present amount of money , or a series of payments evaluated at a given interest rate.
A. future value
B. present value
C. intrinsic value
D. market value
According GAAP revernue is recognized as income when().
A. a contract is signed to perform a service or deliver a good
B. the transaction is complete and the goods or services delivered
C. payment is received
D. income taxes are paid