With a margin account, you can expect
A)
to pay interest on a broker's loan.
B)
to leverage the amount you invest.
C)
to magnify your gains or losses.
D)
all of the above
D
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Suma Corp reported the following information for 2015 and 2016. Salaries payable, December 31, 2015 $ 3,700 Salaries payable, December 31, 2016 1,800 Salaries expense—2016 57,000 How much cash was paid for salaries during 2016?
a. $55,100 b. $55,200 c. $57,000 d. $58,900
Which of the following events is most appropriately recorded as a reduction to accumulated depreciation?
A) an addition that increases the anticipated benefits of the old asset B) an improvement that extends an asset's useful life C) an improvement that increases the asset's expected benefits beyond that originally expected D) a replacement of a better asset for the one currently used
Government grants, loans, and tax breaks given to domestic companies are considered to be ______.
a. quotas b. subsidies c. tariffs d. embargos
If two companies have the same current ratio, their ability to pay short-term debt is the same
Indicate whether the statement is true or false