The Federal Open Market Committee makes the Fed's decisions on the purchase or sale of government securities, but these purchases or sales are executed by the Federal Reserve Bank of
A) Chicago.
B) Boston.
C) New York.
D) San Francisco.
C
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During 2016, Penny Co had net income of $200,000 including after-tax interest expense of $30,000 on convertible bonds. The $300,000 face value of convertible bonds can be converted into common stock at the rate of 300 shares per $1,000 bond. Prior to the conversion, there were 400,000 shares of common stock outstanding. What is the amount of fully diluted earnings per share?
A) $0.500 B) $0.469 C) $0.408 D) not determinable because the bonds are not dilutive
Answer the following statements true (T) or false (F)
The accounting profession has been regulated by Congress since the 1880s when it became clear that accounting was an important instrument in America for conducting business.
A stereotype, which is an oversimplified behavioral pattern applied uncritically to groups, is always false
Indicate whether the statement is true or false
Current issues facing the labor movement in Great Britain include:
A. Increasing union density B. Employer demands for greater flexibility C. Increasing political influence of union D. Declining employer bargaining power