When one of the major bond-rating services downgrades a bond rating, the market price of that bond generally falls
a. True
b. False
a
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After the accounts are closed and the journal entries have been posted, which of the following accounts would have a balance?
a. Payroll Tax Expense; b. Accumulated Depreciation; c. Professional Fees; d. Drawing; e. Sales
The par value of stock
a. is usually higher for common stock than for preferred stock. b. is an arbitrary amount. c. less the additional paid-in capital represents the company's legal capital. d. are all of these.
Decision making is the act of
A. consciously choosing an action that doesn't involve risk. B. subconsciously selecting the alternative that is most consistent with one's personal beliefs. C. consciously choosing from among alternatives. D. subjectively selecting from a subset of positive alternatives. E. objectively selecting the most financially sound decision among two or more alternatives.
Local advertising is sometimes called cooperative advertising.
Answer the following statement true (T) or false (F)