The risk of an investment in a Eurodollar deposit is partially due to ________
A) the fact that the center of the Eurodollar market is in London
B) the fact that the majority of these deposits are not in the form of U.S. dollars
C) the presence of some foreign exchange risk
D) the fact that these instruments only pay interest at maturity
C
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Pierce Corp identified the following data in preparing a bank reconciliation on October 31, 2014. Bank statement balance $29,600 Pierce's book balance (before adjustments) ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100 What is the net amount of the adjustments to Pierce's cash balance as a result of the bank
reconciliation? a. No amounts need to be recorded b. $400 increase c. $400 decrease d. $900 decrease
The importance to the accounting profession of the Sarbanes-Oxely Act is that
a. bribery will be eliminated b. management will not override the company's internal controls c. management are required to certify their internal control system d. firms will not be exposed to lawsuits
Which of the following is NOT a frequent result of working outside one’s native country?
a. difficulty adjusting to a different language, culture, and society b. culture shock c. unknowing use of inappropriate behaviors d. loss of productivity
All employee contributions to a qualified retirement plan must be immediately vested
Indicate whether the statement is true or false