Which of the following is true of a primary market?
A) It is an organized market in which all financial derivatives are traded.
B) It is regulated by The Sarbanes-Oxley Act.
C) It is a market where smaller, unlisted securities are traded.
D) It is the only market in which the issuer is directly involved in the transaction.
D) It is the only market in which the issuer is directly involved in the transaction.
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The percent change of a comparative financial statement item is computed by subtracting the base period amount from the analysis period amount, dividing the result by the base period amount and multiplying that result by 100.
Answer the following statement true (T) or false (F)
Fields Company purchased equipment on January 1 for $180,000. This system has a useful life of 8 years and a salvage value of $20,000. The company estimates that the equipment will produce 40,000 units over its 8-year useful life. Actual units produced are: Year 1 - 4,000 units; Year 2 - 6,000 units; Year 3 - 8,000 units; Year 4 - 5,000 units; Year 5 - 4,000 units; Year 6 - 5,000 units; Year 7 - 7,000 units; Year 8 - 3,000 units. What would be the depreciation expense for the second year of its useful life using the units-of-production method?
A. $20,000. B. $45,000. C. $16,000. D. $33,750. E. $24,000.
List three forms of business organizations. What are the advantages and disadvantages of each?
What will be an ideal response?
A traffic offense, such as a speeding ticket, would be heard by a:
A) U.S. District Court. B) state inferior trial court. C) state probate court. D) U.S. Court of Federal Claims.