A mutual fund's board of directors picks the securities that will be held and makes buy and sell decisions
Indicate whether the statement is true or false
FALSE
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A(n) ________ is usually the only physical contact one makes during a sales call
Fill in the blanks with correct word
The U.S. Department of Agriculture places mandatory and consistent labeling requirements on ________
A) ready-to-eat meals B) raw fruits and vegetables C) raw seafood D) meat and poultry products
Motor City, Inc. purchased 63,000 shares of Shaw common stock for $278,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:
A. Debit to Equity Method Investments -HTM for $278,000. B. Debit to Short-Term Investment-AFS for $278,000. C. Debit to Equity Method Investments for $278,000. D. Credit to Equity Method Investments for $6,227,200. E. Debit to Equity Method Investments for $6,227,200.
The following transactions apply to Wilson Fitness Center for Year 1.1) Started the business by issuing $48,000 of common stock for cash.2) Provided services to clients and received $65,500 cash.3) Borrowed $10,500 from the bank.4) Paid $8,500 for rent of equipment.5) Purchased land for $15,000.5) Paid $46,600 of salary expense.6) Cash dividends of $4,000 were paid to the stockholders.Required: a) What are the total assets of the business at the end of Year 1?b) Prepare a statement of cash flows for Year 1.
What will be an ideal response?