Which of the following is NOT true about the Securities and Exchange Commission:
a. the agency is charged with the responsibility for the enforcement and administration of the federal securities laws
b. the agency is not bi-partisan c. the agency is independent
d. the agency has five members appointed by the President for five-year terms e. all the other choices are true of the Securities and Exchange Commission
b
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The cost of goods sold is
a. Purchases less beginning inventory plus ending inventory b. Equal to the amount of inventory on hand at the end of the accounting period c. Goods available for sale less ending inventory d. Reported on the balance sheet in the inventory account
The inventory method that assigns the most recent costs to ending inventory is LIFO
a. True b. False Indicate whether the statement is true or false
Calculate and indicate the overall reliability of the system shown in the following figure:
A. 0.7994
B. 0.8764
C. 0.7896
D. 0.9874
A(n) ________ is a contractual obligation of a company to repay the holder the amount of his or her original investment plus interest at a specified future date
A. bond B. equity C. common stock D. capital stock