Which one of the following account groups normally has a credit balance?
A) assets and liabilities
B) equity and assets
C) liabilities and revenues
D) assets and expenses
Answer: C) liabilities and revenues
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The Assembling Department of Patchwork, Inc. had 11,000 units in process on December 1 and received 30,400 units from the Sewing Department. During the month, it completed 20,700 units and transferred them to the Packaging Department. Calculate the number of units accounted for by the Assembling Department for December. The company uses the FIFO method.
A) 20,700 units B) 41,400 units C) 11,000 units D) 30,400 units
Trade shows, seminars, and conferences are events intended to facilitate personal contact with customers and connectors in a non threatening environment
Indicate whether the statement is true or false
The system of checks and balances allows each branch to encroach on the power of another
Indicate whether the statement is true or false
A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs = 10.5%, and the expected constant growth rate is g = 8.2%. What is the stock's current price?
A. $27.39 B. $29.02 C. $32.61 D. $38.80 E. $27.07