A young investor with a secure job is:
A. more concerned about current income.
B. more able to bear risk.
C. less oriented toward investments with capital gains.
D. less aggressive when investing.
E. more skillful in tax preparation.
Answer: B
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Which statement below describes oral communication?
A. You can record and archive them. B. The informal nature means that the message can get lost or misunderstood. C. The message is often affected by technical problems. D. We are likely to be unaware of the message we are sending.
Which of the following entries properly closes a temporary account?
A) Service Revenues 20,000Retained Earnings 20,000 B) Unearned Revenue 10,200Retained Earnings 10,200 C) Accumulated Depreciation 1,600Retained Earnings 1,600 D) Dividends 400Retained Earnings 400
In the books of a manufacturing company, the journal entry to record cost of goods manufactured would include a:
A) credit to work in process. B) credit to finished goods. C) debit to work in process. D) debit to cost of goods sold.
Section II of the homeowners policy has exclusions applying to all of the following EXCEPT
A) activities of the named insured's minor children. B) business activities. C) transmission of a communicable disease. D) intentional injuries.