Mark marches to the beat of his own drummer, while Simon plans on following in his father's footsteps. Mark is open to change, while Simon embraces
A. conformity.
B. benevolence.
C. conservation.
D. traditionalism.
E. power.
Answer: C
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Term bonds are bonds that
A) are also called serial bonds. B) may be called in and redeemed by the issuing corporation prior to their scheduled maturity date. C) are secured by specific assets of the issuing corporation. D) mature in one lump sum at a single maturity date.
Chestnut, Inc. reported the following balances on its balance sheet at December 31, Year 1: Total assets $268,000? Total liabilities $88,000? Common Stock$84,000? Retained Earnings 96,000? Total equity 180,000? Total liabilities and equity $268,000? On January 1, Year 2, Chestnut purchased equipment for $59,000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment?
A. 0.33 B. 0.45 C. 0.35 D. 0.44
The overall characteristics of a product that allow it to perform as expected in satisfying customer needs is
A. quality. B. consistency. C. durability. D. functionality. E. design.
Carlotta has $50,000 foreign-source income and $150,000 worldwide income. Her U.S. tax on her worldwide income is $30,290, and she paid foreign taxes of $16,000. What is the Carlotta's foreign tax credit?
A. $10,097 B. $30,290 C. $5,903 D. $16,000