Held-to-maturity securities are always debt securities, and never equity securities
Indicate whether the statement is true or false
T
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Engagement letters include all of the following except:
A. arrangements involving the use of specialists. B. a list of additional services that will be provided. C. information about the audit fee. D. a list of adjusting journal entries.
One area of special concern to business managers, especially since 1990, has been the EPA's use of ________ sanctions, including incarceration, to enforce environmental laws
A) quasi-judicial B) criminal C) legislative D) civil
Marty, a 16-year-old, contracted with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. He agreed to make monthly payments until the purchase price plus interest were paid in full. It is three years later and Marty has not disaffirmed the contract and has made regular payments on the cycle since turning 18 . Which of the following is correct?
a. The contract is void and Marty has no obligation. b. The contract is now voidable by Cream-of-the-Crop Cycles. c. Marty has ratified the contract and is now bound by its terms. d. Marty has ratified the contract but can still get a return of the payments made while he was a minor.
Dan buys a property for $210,000. He is offered a 30-year loan by the bank, at an interest rate of 8% per year. What is the annual loan payment Dan must make?
A) $18,653.76 B) $22,384.51 C) $26,115.26 D) $29,846.02