Answer the following statement(s) true (T) or false (F)
1. The lowest rating for bonds is E and that is for bonds in default.
2. The lowest rating for bonds is F.
3. Both stocks and bonds are listed in 1/8 of a dollar increments.
4. Both stocks and bonds are listed in 5-cent increments.
5. The government finances most of its borrowing with T-bills which are sold at a discount and then redeemed at full face value at maturity.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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The following data is for the Matt Company for 2018: Loss on sale of equipment$4,000 Purchase of Ithaca Corp. bonds (face value $400,000) 375,000 Proceeds from sale of machinery 200,000 Dividends paid 25,000 Proceeds from sale of treasury stock 100,000 The amount reported as net cash from investing activities is:
A. $ 87,500. B. $ (150,000). C. $ 575,000. D. $ (175,000).
Management documentation of the ICFR assessment should include all of the following except:
A. documentation regarding reasonable support for the basis for management's assessment and conclusion. B. documentation on the controls management concludes are adequate to address the entity's financial reporting risks. C. documentation regarding every control in a process. D. documentation regarding the design of controls management has placed in operation.
Which of the following is provided by both the project network and the work breakdown structure?
A. Sequencing B. Activity duration C. Dependencies D. Timing E. Interrelationships
The Uniform Probate Code has been adopted in all states.
Answer the following statement true (T) or false (F)