Author Question: American Depositary Receipts (ADRs) are claims issued by U.S. banks representing ownership of shares ... (Read 28 times)

ghost! · **on:** Jul 10, 2018

American Depositary Receipts (ADRs) are claims issued by U.S. banks representing ownership of shares of a foreign company's stock held on deposit by the U.S. bank in the foreign market and issued in dollars to U.S. investors.

Indicate whether the statement is true or false

Question 2

The largest single source of funds for the firm in 2015 is ________. (See Table 4.1)

A) an increase in net profits after taxes
B) an increase in notes payable
C) an increase in long-term debt
D) an increase in inventory