For individuals in their golden years who are approaching retirement, a mix of ________ percent common stocks and ________ percent bonds is a relatively common recommendation from financial planners
A) 20, 80
B) 80, 20
C) 40, 60
D) 60, 40
E) none of the above
Answer: D
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Which of the following is reported as a financing activity?
a. Declaration of dividends b. Sale of preferred stock c. Conversion of preferred stock to common stock d. Stock split
FASB's Statement of Financial Accounting Concepts No. 7 specifies when fair value should be based on present value
Indicate whether the statement is true or false
One of the challenges for managers is managing personal happiness and life goals. Explain why this is a challenge for managers. Discuss how you think these ideas apply to you in the future.
What will be an ideal response?
Which internal control is not an important part of the payroll system?
a. Supervisors verify the accuracy of employee time cards. b. Paychecks are distributed by an independent paymaster. c. Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting. d. General ledger reconciles the labor distribution summary and the payroll disbursement voucher.