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Q10: You contacted your stockbroker this morning and placed an order to sell 300 shares of a stock that trades on the NYSE. This sale
Q10: You contacted your stockbroker this morning and placed an order to sell 300 shares of a stock that trades on the NYSE. This sale will occur in the A. dealer market. B. over-the-counter market. C. secondary market. D. primary market. E. tertiary market. Q11: Net working capital increases when: A. fixed assets are purchased for cash. B. inventory is purchased on credit. C. inventory is sold at cost. D. a credit customer pays for his or her purchase E. inventory is sold at a profit. Q12: Shareholders' equity is equal to: A. total assets plus total liabilities. B. net fixed assets minus total liabilities. C. net fixed assets minus long-term debt plus net working capital. D. net working capital plus total assets. E. total assets minus net working capital
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