The four basic sources of long-term funds for the business firm are
A. current liabilities, long-term debt, common stock, and preferred stock.
B. current liabilities, long-term debt, common stock, and retained earnings.
C. long-term debt, paid-in capital in excess of par, common stock, and retained earnings.
D. long-term debt, common stock, preferred stock, and retained earnings.
Answer:D
The four basic sources of long-term funds for the business firm are
A. current liabilities, long-term debt, common stock, and preferred stock. B. current liabilities, long-term debt, common stock, and retained earnings. C. long-term debt, paid-in capital in excess of par, common stock, and retained earnings. D. long-term debt, common stock, preferred stock, and retained earnings.