Strong economic growth tends to reduce the probability that the issuer of a mortgage will default on its debt payments and therefore tends to decrease mortgage prices
a. True
b. False
b
You might also like to view...
In a three-variance method of factory overhead analysis, the variance that indicates that the volume of production was more or less than budgeted is the:
a. Quantity variance. b. Production-volume variance. c. Spending variance. d. Efficiency variance.
The Lily Company uses the percent of receivables method of accounting for uncollectible accounts receivable, and a perpetual inventory system. As of January 1, its net accounts receivable totaled $192,000 (Accounts Receivable $200,000 less an $8,000 Allowance for Doubtful Accounts). During the current year, the following transactions occurred. 1)Merchandise costing $1,050,000 was sold on account for $1,400,000. 2)The company collected $1,294,000 from customers on account.3)$6,000 of accounts receivable were deemed uncollectible and written off.4)$1,000 of accounts receivable previously written off as uncollectible were recovered.5)At year-end, Lily Company estimates that 4% of its accounts receivable are uncollectible.Prepare journal entries to record these transactions.
What will be an ideal response?
When two companies merger they engage in a stock split
Indicate whether the statement is true or false.
Which of the following statements is FALSE? A debenture
A) is a corporate bond B) provides security over a corporation's personal property C) provides security over a corporation's real property D) is a form of equity financing E) has a floating charge that can attach to assets if the corporation defaults on its payments