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Accounting
Which is false about long-term sources of a firm's capital? * , O All types of corporations may issue equity securities to the public O Preferred shares are securities whose intrinsic value is based on prospective earnings O Some types of bank loans may require collateral from potential debtors O Retained earnings are internal sources of funding that can be utilized for expansion

Which is false about long-term sources of a firm's capital? * , O All types of corporations may issue equity securities to the public O Preferred shares are securities whose intrinsic value is based on prospective earnings O Some types of bank loans may require collateral from potential debtors O Retained earnings are internal sources of funding that can be utilized for expansion

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which is false about long-term sources of a firm's capital? * O All types of corporations may issue equity securities to the public O Preferred shares are securities whose intrinsic value is based on prospective earnings Some types of bank loans may require collateral from potential debtors O Retained earnings are internal sources of funding that can be utilized for expansion
Transcribed Image Text:Which is false about long-term sources of a firm's capital? * O All types of corporations may issue equity securities to the public O Preferred shares are securities whose intrinsic value is based on prospective earnings Some types of bank loans may require collateral from potential debtors O Retained earnings are internal sources of funding that can be utilized for expansion
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