8. Previously issued securities are traded among investors in the primary market

Question

8. Previously issued securities are traded among investors in the primary markets. A. True. B. False. 9. Limited liability is a major advantage of incorporating a business. A. True. B. False. 0. Agency costs are incurred by a corporation because: A. managers may not attempt to maximize the value of the firm to shareholders e is informational asymmetry between managers and shareholders C. there is separation of ownership and management D. there may be a conflict of interest between managers and shareholders E. all of the above 11. Which one of the following statements concerning the balance sheet is correct? A. Total assets equal total liabilities minus total equity B. Net working capital is equal to total assets minus current liabilities. C. Net fixed assets are equal to the initial cost of all the firm's long-term assets. D. Current assets are equal to total assets minus net working capital. E. Shareholders' equity is equal to total assets minus total liabilities 12. For the year, Movers United has net income of S31,800, net new equity of s7,500, and an addition to retained carnings of $24,200. What is the amount of the dividends paid? A. $100 B. $7,500 C $7,600 D. $15,100 E. S16,700 The following information applies to the next four problems.) Titan Football Manufacturing had the following operating results for 2016: sales end of the year, net fixed assets were $18,840, current assets goods sold 780; depreciation expense - $2,840; interest expense $414; dividends paid- $616. At the beginning of the ycar, net fixed assets were $16,560, curent assets were s2.940, and current liabilities were $2.592. At the were $3,528, and current liabilities were $2,484. $23,730; cost of The tax rate was 35 percent. (Round your answers to the nearest di

Explanation / Answer

8) Securioties are first boght from primary market. Then the trading is done in Secondary market. Hence question 8 is false.

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