If municipal bonds were to lose their tax-free status, then the demand for Treasury bonds would shift ________, and the interest rate on Treasury bonds would ________
A) rightward; fall
B) rightward; rise
C) leftward; fall
D) leftward; rise
A
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When is revenue recognized under accrual accounting?
What will be an ideal response?
The internal and external costs associated with an economic exchange are known as interaction costs.
Answer the following statement true (T) or false (F)
In extracting information from large data warehouses, a data mining tool may use which of the following techniques?
A) decision trees B) regression C) rule induction D) all of the above
Syrio's Snowboards has the following LIFO perpetual inventory records:
The current replacement cost of the ending inventory is $800. To apply the lower-of-cost-or-market rule, the journal entry would be:
A) debit Cost of Goods Sold $100, credit Inventory $100.
B) debit Inventory $100, credit Cost of Goods Sold $100.
C) No entry required, since the amount is not material.
D) No entry required, since historical cost is less than replacement.