What is the size of one option contract on the S&P 500?
A. 250 times the index
B. 100 times the index
C. 50 times the index
D. 25 times the index
B
One option is on 100 times the index
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Accumulated Depreciation
a. increases assets. b. decreases assets. c. increases liabilities. d. decreases liabilities.
Three main techniques are available for improving communication in negotiation: the use of questions, listening, and
A. high-power language style. B. patience. C. role reversal. D. motives.
Reversing entries:
A. Will often result temporarily in abnormal account balances in some accounts. B. Are required only if the company uses accounting software to record journal entries. C. Are necessary when journal entries have been incorrectly recorded. D. Must be made before preparing the post-closing trial balance. E. Are a required step in the accounting cycle.
The entry to record a sales return from a customer would require a(n)
A) decrease to Sales. B) increase to Sales. C) decrease to Sales Returns and Allowances. D) increase to Sales Returns and Allowances.