An on-the-run ten-year Treasury security is
A. a ten-year government bond that is in greatest demand by investors who want to hold it until it matures.
B. a ten-year government bond that can be used to pay estate taxes, also known as a flower bond.
C. a non-taxable ten-year government bond.
D. a ten-year government bond that was the most recently issued.
Answer: D
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Tomas and Saturn are partners who share income in the ratio of 3:1 . Their capital balances are $80,000 and $120,000, respectively. Income summary has a credit balance of $30,000 after the second closing entry. What is Saturn's capital balance after closing income summary to the capital accounts?
a. $102,500 b. $120,000 c. $112,500 d. $127,500
Assume that a company is experiencing increasing inventory prices and prepares its financial statements in accordance with IFRS. Which costing method should it use to pay the least amount of taxes? Explain your answer
Paid and declared preferred dividends are called dividends in arrears.
Answer the following statement true (T) or false (F)
As an identified leadership trait, integrity refers to
A. rationality. B. honesty and credibility. C. the ability to overcome obstacles. D. the drive to lead. E. self-discipline.