. For the risk-return principle implies that the riskier a given course of action, the higher the expected return must be. (T) (F) 2. General partners have unrestricted transferability of ownership, while limited partners must have the consent of all partners to transfer their ownership. (T) (F) 3. Owners must register and pay yearly fees to their State of residence when establishing a sole proprietorship. (T) (F) 4. The purpose of financial markets is to bring borrowers and savers together. (T) (F) 5. In Financial markets, borrowers and lenders most both be located in the same country. (T) (F) 6. Beginning cash balance + cash flow from operations + cash flow from investing activities + cash flow from financing activities = ending cash balance. (T) (F) 7. On a common size
1. For the risk-return principle implies that the riskier a given course of action, the higher
the expected return must be. (T) (F)
2. General partners have unrestricted transferability of ownership, while limited partners
must have the consent of all partners to transfer their ownership. (T) (F)
3. Owners must register and pay yearly fees to their State of residence when establishing
a sole proprietorship. (T) (F)
4. The purpose of financial markets is to bring borrowers and savers together. (T) (F)
5. In Financial markets, borrowers and lenders most both be located in the same country. (T) (F)
6. Beginning cash balance + cash flow from operations + cash flow from investing
activities + cash flow from financing activities = ending cash balance. (T) (F)
7. On a common size balance sheet, total assets are equal to 100%. (T) (F)
8. The income statement shows a company's earnings since it has been in business. (T) (F)
9. The balance includes information about the company's assets and liabilities. (T) (F)
10. The income statement describes the financial performance of a firm over a fixed period
such as a quarter or a year. (T) (F)
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