Which of the following is a correct statement regarding securities regulations?
A) Securities are regulated by state law, not federal law.
B) Securities are regulated by federal law, not state law.
C) Securities are regulated concurrently by state and federal laws.
D) Securities are regulated sequentially by state and federal laws.
C
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Accounting for long-term investments in held-to-maturity securities requires companies to record interest revenue as it is earned.
Answer the following statement true (T) or false (F)
Interest in organized labor is one of the most common attributes among the working class
Indicate whether the statement is true or false a. True b. False
Which of the following statements is generally NOT true?
A) A firm should attempt to match the nature of a project with the duration of the financing it needs. B) Short-term debt usually carries lower interest rates than long-term debt with comparable default risk. C) Issuing variable rate debt increases financial uncertainty relative to issuing fixed-rate debt. D) All of the above statements are true.
A college received a contribution to its endowment fund of $2 million. It can never touch the principal, but can use the earnings. At an assumed interest rate of 9.5 percent, how much can the college earn to help its operations each year?
A) $95,000 B) $19,000 C) $190,000 D) $18,000