An investor purchased $50,000 of 10-year bonds it intends to hold to maturity at par. The investor's journal entry to record the purchase is a debit to Debt Investments for $50,000 and a credit to Cash for $50,000.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1.The Ricardian theory of comparative advantage could fully explain the distribution of the gains from trade among trading partners. 2.When testing the Ricardian theory of comparative advantage in 1951, MacDougall found that nations tend to export goods in which their labor productivity is relatively high. 3.Because the Ricardian theory of comparative advantage was based only on a nation's supply conditions, it could only determine the outer limits within which the equilibrium terms of trade would lie. 4.The domestic cost ratios of nations set the outer limits to the equilibrium terms of trade. 5.Mutually beneficial trade for two countries occurs if the equilibrium terms of trade lies between the two countries' domestic cost ratios.
Which of the following is correct with respect to consequential damages under the Code?
A) Consequential damages include damages for destruction of a warehouse caused by the explosion of nonconforming goods. B) Consequential damages include damages for lost profits from a contract to resell goods which the seller never delivers. C) Particular needs of the buyer need to be made known to the seller before the seller can be held responsible for consequential damages relating to those needs. D) All of these are correct.
Under the UPA, which of the following liabilities of a partnership has the highest priority for payment out of partnership assets? Amounts owing to:
A) partners for loans and advances B) nonpartner creditors C) partners for profits D) partners for capital
Environmental ________ refers to the degree of discontinuous change that occurs within the industry.
A. dynamism B. contracting C. cooptation D. complexity E. dysfunction