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Indicate whether the statement is true or false
True
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Which of the following statements is true?
a. Profits distributed to the creditors are called dividends. b. The balance sheet shows the assets, liabilities, and profits of a company. c. Dividends are an expense, and are reported on the income statement as a deduction from net income. d. The income statement reports the revenues and expenses of a company.
Sugar is an indirect cost in the manufacture of candy
Indicate whether the statement is true or false
What are the traditional rights of sellers and buyers?
What will be an ideal response?
Which of the following statements is NOT true?
a. Investments rated below BBB- are known as high-quality bonds. b. Investment grade securities should include those with a bond rating of AA. c. A "fallen angel" is a bond that at one time was an investment-grade security, but whose bond ratings has subsequently dropped. d. Another colorful term for non-investment grade bonds is "junk bonds."