If the balance sheet of a firm indicates that total assets exceed current liabilities plus shareholders'...

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Finance

If the balance sheet of a firm indicates that total assetsexceed current liabilities plus shareholders' equity, then the firmmust have:
a. no retained earnings.
b. long-term debt.
c. no accumulated depreciation.
d. current assets.
e. None of the above
Corporations are referred to as public companies when their:
a. shareholders have no tax liability.
b. shares are held by the federal or state government.
c. stock is publicly traded.
d. products or services are available to the public.
e. None of the above

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1 Answer b long term debt Reason In a balance sheet total assets tallies with total liabilities shareholders equity Total liabilities includes current liabilities long term See Answer

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		a. no retained earnings.
		b. long-term debt.
		c. no accumulated depreciation.
		d. current assets.
		e. None of the above

		a. shareholders have no tax liability.
		b. shares are held by the federal or state government.
		c. stock is publicly traded.
		d. products or services are available to the public.
		e. None of the above