In a trial balance, total debits must always equal total credits
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which communication goal relates to educating a particular public?
A) to build mutual understanding B) to motivate C) to persuade D) to inform
Which of the following statements is correct regarding fringe benefits earned by employees whose regular wages are normally classified as direct labor?
A) Fringe benefits should also be classified as direct labor. B) Fringe benefits should be classified as indirect labor. C) Fringe benefits should be classified as a period cost. D) Fringe benefits should not be classified as either a product or period cost.
A contract may not be enforceable if one party is aware that the other party made a mistake of fact
a. True b. False Indicate whether the statement is true or false
Stock A has the following returns for various states of the economy:
State of the Economy Probability Stock A's Return Recession 10% -30% Below Average 20% -2% Average 40% 10% Above Average 20% 18% Boom 10% 40% Stock A's expected return is A) 5.4%. B) 7.2%. C) 9.6% D) 8.2%.