Bob's house has doubled in value since he bought it 30 years ago. The house's value has increased by an annual rate of
A) 2.34%.
B) 3.33%.
C) 6.67%.
D) 100%.
Answer: A
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The Canton Corporation's January 1, 2018 balance sheet reports a net pension asset of $397,500. On December 31, 2018, the projected benefit obligation was $6,479,000, the fair value of the plan assets was $6,747,000, and the accumulated benefit obligation was $3,482,500. The December 31, 2018 balance sheet should report:
A. net pension asset of $268,000. B. net pension liability of $3,264,500. C. net pension asset of $397,500. D. net pension liability of $3,482,500.
The average cost inventory method is the rarely used with a perpetual inventory system.
Indicate whether the statement is true or false.
Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are) true?
I. No coverage is available for watercraft liability. II. Liability arising out of the use of watercraft that are under certain length and horsepower limits is covered. A) I only B) II only C) both I and II D) neither I nor II
It is more difficult to deal with political risk than exchange rate risk
Indicate whether the statement is true or false