Financial analysts provide recommendations to their clients about what company to buy (invest) but not what company to sell (divest)
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Financial analysts provide recommendations to their clients about what company to buy (invest) AND what company to sell (divest).
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It is important that a standard rate rather than actual expenses be used to charge service department costs to producing departments so that:
a. production department managers know the amount of usage at the beginning of the year. b. extra costs resulting from inefficient operations in service departments cannot be passed on to the production departments. c. service department managers don't need to worry about meeting their budgets. d. extra costs resulting from inefficient operations in production departments can not be passed on to the service departments.
If several people act as cosureties for a principal and one of them had paid the principal's debt, the cosurety who paid the debt has a claim against the other cosureties because of his or her right ________.
A. of strict foreclosure B. to reimbursement C. to contribution D. of subrogation
A person who disaffirms a contract based on intoxication must ________.
A. enter rehab for the disaffirmance to be enforceable B. be returned to the status quo C. petition the court in order for the disaffirmance to be valid D. be held to the terms of the contract
Trading securities are always reported as current assets.
Answer the following statement true (T) or false (F)