Exchange rate fluctuations do not increase the riskiness of foreign portfolio investments because
changes in exchange rates are compensated for by changes in interest rates and investment returns.
Indicate whether the statement is true or false
FALSE
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Type A personalities may exhibit
A) aggressiveness B) supportiveness C) non-assertiveness D) assertiveness
The words "salaries" and "wages" are often used to mean the same thing
Indicate whether the statement is true or false
The Roger Company leased a machine at the beginning of 2016. The machine was properly capitalized by Roger at $73,735. A lease payment of $16,563 is due at the end of each year. The expected life of the machine is seven years, and the term of the lease is five years. At the beginning of 2021, the machine will be returned to the lessor. Both Roger and the lessor use the straight-line method of
depreciation. What amount of depreciation expense should Roger record in 2016 for the machine (round calculations up to the nearest dollar)? A) $14,600 B) $14,747 C) $16,563 D) $17,000
Which of the following errors would cause the Balance Sheet and Statement of Retained Earnings columns of a work sheet to be out of balance?
A. Entering an expense amount in the Balance Sheet and Statement of Retained Earnings Debit column. B. Entering a liability amount in the Balance Sheet and Statement of Retained Earnings Credit column. C. Entering a revenue amount in the Balance Sheet and Statement of Retained Earnings Debit column. D. Entering an asset amount in the Income Statement Debit column. E. Entering a liability amount in the Income Statement Credit column.