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1. Finance indicates that the primary goal of a publicly-owned firm interested in serving its stockholders should be to: maximize expected profit. maximize expected earnings

1. Finance indicates that the primary goal of a publicly-owned firm interested in serving its stockholders should be to:

maximize expected profit.

maximize expected earnings per share.

minimize the chances of losses.

maximize shareholder wealth (or maximize stock price).

2. Which of the following are basic financial reports included in the annual report?

balance sheet

income statement

statement of retained earnings

statement of cash flows

all of the above

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