If stocks earn an average rate of return of 12 %, their value doubles every
A) 4 years.
B) 6 years.
C) 8 years.
D) 12 years.
Answer: B
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The entry to close Cost of Goods Sold includes
a. debiting Income summary and crediting Cost of Goods Sold. b. debiting Cost of Goods Sold and crediting Income Summary. c. debiting Retained Earnings and crediting Cost of Goods Sold. d. debiting Cost of Goods Sold and crediting Retained Earnings.
Amortization of bond discount results in a(n)
a. decrease of the bonds payable account. b. decrease of stockholders' equity. c. increase of stockholders' equity. d. decrease in the cash account.
If assets are $410,000 and liabilities are $199,000, then equity equals:
A. $199,000. B. $1,019,000. C. $211,000. D. $609,000. E. $410,000.
What is the main difference between transformational leaders and charismatic leaders?
A. Charismatic leaders have idealized and inspirational motivations. B. Transformational leaders may place more emphasis on their own needs and interests. C. Transformational leaders fully delegate responsibility to others. D. Charismatic leaders may place more emphasis on their own needs and interests.