A company that is leveraged is one that
A) contains debt financing.
B) contains equity financing.
C) has a high earnings per share.
D) has minimized its risk of loss by acquiring a portfolio of investments.
A
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If the straight-line method of amortization of bond premium or discount is used, which of the following statements istrue?
a. Annual interest expense will increase over the life of the bonds with the amortization of bond premium. b. Annual interest expense will remain the same over the life of the bonds with the amortization of bonddiscount. c. Annual interest expense will decrease over the life of the bonds with the amortization of bond discount. d. Annual interest expense will increase over the life of the bonds with the amortization of bond discount.
The income tax benefit associated with a loss carryback or carryforward is recorded as an adjustment to income tax expense in the year of the loss.
Answer the following statement true (T) or false (F)
Linguists have divided the study of languages into four main areas. The system of word formation is referred to as:
A) syntax. B) phonology. C) morphology. D) semantics. E) semiotics.
The most effective internal control procedure to prevent or detect the creation of fictitious credit memoranda for sales returns is to
a. supervise the accounts receivable department b. limit access to credit memoranda c. prenumber and sequence check all credit memoranda d. require management approval for all credit memoranda