Which of the following classifications of securities had the smallest range of annual returns over the period 1950-1999?
A) Large-company stocks
B) Long-term government bonds
C) Small-company stocks
D) 3-month U.S. Treasury bills
Answer: D
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What will be an ideal response?
The balance in the prepaid rent account before adjustment at the end of the year is $24,000, which represents four months' rent paid on December 1. The adjusting entry required on December 31 is
A) debit Rent Expense, $6,000; credit Prepaid Rent, $6,000 B) debit Prepaid Rent, $18,000; credit Rent Expense, $6,000 C) debit Rent Expense, $18,000; credit Prepaid Rent, $6,000 D) debit Prepaid Rent, $6,000; credit Rent Expense, $6,000
Which of the following statements is true of signature on a written contract?
A) The contract should be signed by the party who seeks enforcement. B) The signature of the person who is enforcing the contract is not necessary. C) The signature must appear at the end of the writing. D) A person's nickname or initials are not binding legal signatures.
The Thomas Company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and production departments. This is an example of departmentalization by
A. location. B. specialty. C. product. D. taste. E. function.