(A) Long term debt
(B) Short term debt
(C) Asset
(D) None of these
Answer: (A) Long term loans
In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.
Category: FPSC Commerce Lecturer Test Past Papers
FPSC Commerce Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.
________ is the distribution of funds or money paid to stockholders as part of the corporation’s accumulated profits.
(A) Stock dividend
(B) Cash dividend
(C) Property dividend
(D) Liquidating dividend
Answer: (B) Cash dividend
Cash dividend is the distribution of funds or money paid to stockholders as part of the corporation’s accumulated profits.
Internal controls within business entities are also referred to as:
(A) Internal check
(B) Internal audit
(C) Operational controls
(D) None of these
Answer: (C) Operational controls
Internal controls within business entities are also referred to as operational control.
Accommodation bill is a type of:
(A) Promissory note
(B) Bill of exchange
(C) Letter of credit
(D) None of these
Answer: (B) Bill of exchange
Accommodation bill is a type of bill of exchange.
A Public Company is entitled to commence its business activities after obtaining:
(A) Certificate of Incorporation
(B) Certificate of commencement
(C) memorandum of association
(D) None of these
Answer: (B) Certificate of commencement of business
A Public Company is entitled to commence its business activities after obtaining Certificate of commencement.