Which of the following is TRUE of trading debt investments?
A) They are held for more than two years.
B) They are generally recorded as long-term investments.
C) They must be adjusted and reported at fair value at the end of each period.
D) They are always reported on the balance sheet at their historical cost.
C) They must be adjusted and reported at fair value at the end of each period.
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A company had interest expense of $7800, income before interest expense and income taxes of $19,200, and net income of $9600. The company's times interest earned ratio equals:
A. 0.81. B. 1.23. C. 2.46. D. 2.00. E. 0.41.
The first step in designing support services is to ________
A) add new services that will both delight customers and yield profits to the company B) closely observe the product and pricing strategies of consumers C) survey customers to assess the value of current services and obtain ideas for new ones D) prevent brand dilution E) encourage customers to try new products
If the expected rate of return on a stock exceeds the required rate:
A) The stock is experiencing supernormal growth. B) The stock should be sold. C) The company is probably not trying to maximize price per share. D) The stock is a good buy. E) Dividends are not being declared.
Rhode Island is unique in that it allows its state judges to:
a. be married b. speak out against the President c. serve for life d. serve for more than 5 years e. be reelected twice