In case of normal swings in the risk-free rate, option prices are not very sensitive to changes in the risk-free rate
Indicate whether this statement is true or false.
Answer: TRUE
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Kendall Corp. purchased at par value, $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semiannually on June 1 and December 1. Kendall plans to hold the bonds until they mature. The journal entry to record Kendall's purchase of the bonds is:
A. debit Debt Investments-HTM $160,000; credit Cash, $160,000. B. debit Cash, $160,000; credit Short-Term Investments-HTM $160,000. C. debit Cash, $169,333; credit, Short-Term Investments-HTM $169,333. D. debit Cash, $160,000; credit Long-Term Investments-HTM $160,000. E. debit Long-Term Investments-HTM $160,000; credit Cash $160,000.
There are a number of reasons why people conceal their hurt emotions, but what these reasons all have in common is ______.
A. feeling ignored B. rejection C. fear D. feeling worthless
Internal users are provided information by the following branch of accounting:
a. auditing. b. managerial accounting. c. financial accounting. d. income tax accounting.
Which of the following suggested bases of recognizing revenue is not permitted by authoritative literature?
a. During production for long-term construction contracts if reliable estimates of the extent of progress and of the cost to complete can be made and if reasonable assurance of collectibility exists. b. At the completion of production if immediate marketability at a quoted price exists for a product whose units are interchangeable. c. On an accretion basis where product marketability at known prices exists and it is desirable to recognize changes in assets, such as growing timber. d. On a cash basis if no reasonable basis exist for estimating collectibility.