The lower risk nature of long-term debt in a firm's capital structure is due to the fact that ________
A) the debt holders are the true owners of the firm
B) equity capital has a fixed return
C) creditors have a higher position in the priority of claims
D) dividend payments are tax-deductible
C
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Account titles are commonly grouped into what five categories in the chart of accounts?
A) Common stock, Additional paid - in capital, Treasury stock, Retained earnings, Accumulated other comprehensive income or loss B) Current assets, Current liabilities, Noncurrent assets, Noncurrent liabilities, Stockholders' equity C) Cash, Marketable securities, Accounts payable, Long-term debt, Common stock D) Assets, Liabilities, Equity, Revenue, Expenses
A DBMS and database are synonymous terms that can be used interchangeably
Indicate whether the statement is true or false