The cost of preferred stock is typically higher than the cost of long-term debt (bonds) because the cost of long-term debt (interest) is tax deductible
Indicate whether the statement is true or false
TRUE
Business
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The sum of the money on hand and petty cash receipts in a petty cash fund will always be equal to the balance in the Petty Cash account
Indicate whether the statement is true or false
Business
When you want to express a negative thought, always use two negative words such as not or never
A) True B) False
Business
Purchasing and manufacturing in high volume to reduce cost per unit is referred to as?
a. Economies of size b. Economies of scope c. Economies of scale d. Economies of setup
Business
Sureties have no rights or remedies to protect them from loss or breach of contract
Indicate whether the statement is true or false
Business