e next year is recorded on the balance sheet as: 6) Any debt that must be repaid within the next year is recorded on the A) a current liability. B) long-term debt. C) an intangible asset. D) accounts receivable. E) a current asset. 7) Which one of these statements is correct? A) Individuals tend to prefer later cash flows over current cash flows. B) The value of an investment depends on the size, timing, and risk of the investment's casn flows. C) When selecting one of two projects, managers should select the project with the higher total expected cash flow. D) Most investors prefer greater risk over less risk. E) Accountants record sales and expenses after the related cash flows occur. 8) Financial managers should primarily strive to: A) minimize costs while increasing current dividends. B) maximize the current profits of the firm. C) maximize the current value per share of existing stock. D) maximize current dividends even if doing so adds financial distress costs to the firm. E) maximize current market share in every market in which the firm participates. 9) The decisions made by financial managers should all be ones which increase the: A) size of the firm. B) growth rate of the firm. C) marketability of the managers. D) market value of the existing owners' equity. E) firm's current sales. 10) The ultimate control of a corporation lies in the hands of the corporate: A) board of directors. B) stockholders. C) president. D) chief executive officer. E) chairman of the board