Why should a younger investor, saving for the long term, have most of their money in common stocks?

A) Over time, common stocks generate the largest average returns.
B) Investors with lots of time ahead of them have the opportunity to recover from a serious investment set-back.
C) They require the least amount of knowledge, research and expense.
D) All of the above are correct.
E) Only A and B are correct.


Answer: E

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In preparing a PO, buyers should ______________________________ to ensure that a purchase is being made from a suitable vendor

Fill in the blank(s) with correct word

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Standard costs are:

A. Rarely achieved. B. Actual costs incurred to produce a specific product or perform a service. C. Uniform among companies within an industry. D. Established by the IMA. E. Preset costs for delivering a product or service under normal conditions.

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What is the last account that should be listed in the Post Closing Trial Balance?

A) Income Summary B) Capital account C) Cash D) Fees Earned

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Betterments are:

A. Always increase an asset's life. B. Expenditures making a plant asset more efficient or productive. C. Also called ordinary repairs. D. Credited against the asset account when incurred. E. Revenue expenditures.

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