Simulated Exam 2
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Looking at the balance sheet, a corporation builds its capital structure with all of the following except A) retained earnings. B) cash. C) capital stock. D) long-term debt.
b. cash
The annual interest payment divided by the current dollar price of a bond is A) the tax-equivalent yield. B) the nominal yield. C) the current yield. D) the yield to maturity.
c. the current yield
A Schedule K-1 would be received by an individual with an ownership interest in all of the following except A) an LLC. B) a partnership. C) an S corporation. D) a C corporation.
d. a C corporation
