23. Each of the following is an account that is assumed to increase proportionately with an increase in sales dollars EXCEPT A. Accrued Liabilities B. Inventory C. Short-Term Investments D. Accounts Payable 24. Each of the following is a source of funds for a growing firm EXCEPT A. "Net Income that is retained by the company and re-invested. B. proceeds from new stock issues. C. an increase in spontaneous current liability accounts, such as "Accounts Payable." D. an increase in spontaneous current asset accounts, such as "Accounts Receivable." 25. Generally, the owner of common stock in a publicly held corporation is entitled to one vote per share of stock held. Shareholders may transfer their votes to another party via a A. purchase agreement. B. prospectus C. proxy D. parallel contract 26. A transaction occurs when additional shares of stock are issued by a publicly held company to raise equity capital for expansion projects. A primary market B. secondary market C. money market D. black market 27. The theoretical value of any asset is A. its book value on its balance sheet B. the present value of the expected future cash flow stream that the asset generates. C. solely a function of investor perception D. impossible to calculate