To say that stock prices follow a "random walk" is to argue that
A) stock prices rise, then fall.
B) stock prices rise, then fall in a predictable fashion.
C) stock prices tend to follow trends.
D) stock prices are, for all practical purposes, unpredictable.
D
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When a note is received from a customer to obtain an extension of time for payment on a past-due account, the journal entry would include
a. debiting Accounts Receivable and crediting Notes Receivable. b. debiting Accounts Payable and crediting Notes Payable. c. debiting Notes Payable and crediting Accounts Payable. d. debiting Notes Receivable and crediting Accounts Receivable.
In contract law, the term consideration refers to the serious thought that underlies a party's intent to enter into a contract
a. True b. False Indicate whether the statement is true or false
The City of Wetteville has a fiscal year ending June 30. Examine the following transactions for Wetteville:(A) On 6/5/18, Wetteville opens a new landfill. The engineers estimate that at the end of 10 years the landfill will be full. Estimated costs to close the landfill are currently $3,500,000.(B) On 6/18/18, Wetteville receives a donation of a vintage railroad steam engine. The engine will be put on display at the local town park. A fee will be charged to actually climb up into the engine. The engine has been valued at $500,000.(C) On 6/30/18, Wetteville estimates that the landfill is 2% filled.Determine and prepare the journal entries for the City of Wetteville, in the general fund, on the dates mentioned for each lettered item, for the purposes of preparing the fund financial
statements. What will be an ideal response?
Interactions among variances often occur, making it even more difficult to determine the responsibility for a particular variance.
Answer the following statement true (T) or false (F)