Q: Minority interest: Select one: a. Represents the equity interest of stockholders who own under 1% of a company b. Is important in determing a company's competitive advantage c. Is listed in the long-term liability section of a balance sheet d. Is listed in the long-term asset section of a balance sheet Q: When analyzing a companies long-term debt, Buffett looks for: Select one: a. Companies that can pay off their long-term debt with 10 years of net earnings b. The long-term debt the company has been carrying for the past ten years c. Companies that use external financing to expand their business d. Leveraged buyouts in which the company borrows against the cash flow of the company being purchased Q: The following is not true about short-term debt: Select one: a. It is listed in the current liability section of the balance sheet b. It has been cheaper than long-term debt historically c. Is a liability owed by the company that is due within one year d. Long-term assets should be financed with short-term debt