4) Limited liability is an important feature of A) both partnerships and sorporations B) sole proprietorships D) corporation C) partnerships 5) Which of the following type of assets are intangible? A) Office equipment B) Factories D) Trademark: C) Production machinery 6 If you decide to buy 100 shates of Google, you would probably do so by caling your broker and asking him ot her to execute the trade for you. This would be defined as a secondary mar cet transaction, not a primary market A) True B) False Which of the following items cannot be found on a firmn's balance sheer usder current labilune B) Accounts payable. D) Short-ternn notes payable to the bank A) Accrued wages C) Cost of goods sold. 8) Generally, a corporation is owned by its A) managers, board of directors, and sharcholders. B) board of directors and shareholders. C) managers. D) shareholders monthly. If you pay back the lcan over 30 years, how much interest do you pay over the 30 years (rounded to th nearest dollar)? A) $1,834 9) You decide to borrow $250,000 to build a new home. The bank charges an interest rate of 8% compounded D) $92,000 B) $410,388 $40,000 10) The amount shown on the December 31, 2015 balance sheet as "retairied earnings" is equal to the firm's net income for 2015 minus any dividends it paid B) False A) True