eross profit, a company using FIFO Iinventory accounting would assume that A. All sales were from current production B. All sales were from beginning inventory C. Sales were from the beginning inventory until it was depleted, and then sales were from the current production All sales were for cash D. 22. The term "permanent current assets" implies A. B. The same thing as fixed assets Nonmarketable assets D. Inventory 23. Ideally, which of the following types of assets should be financed with long-term financing? A. Fixed assets only B. Fixed assets and temporary current assets C. Fixed assets and permanent current assets D. Temporary and permanent current assets 24. The belief that investors require a higher rate of return to entice them into holding long-term securities is the viewpoint of the A. Expectations hypothesis B. Market segmentation theory C. Liquidity premium theory D. Market credit crunch theory 25. The term structure of interest rates A. Is often referred to as the yield curve B. Depicts the relative level of short-term and long-term interest rates C. Is usually constructed with U.S. government securities of varying maturities D. All of the options are true