Which of the following are exempt from federal income tax, and also from state and local income taxes in many cases?
a. mutual funds
b. capital gains on all stocks
c. interest on corporate bonds
d. interest on municipal bonds
e. capital gains on preferred stock
d. interest on municipal bonds
You might also like to view...
In considering whether a company should invest in debt or equity securities of another company, which of the following statements is incorrect?
A) The company wants to make the best use of its excess cash to generate investment income. B) Investment income consists of interest earned from equity securities and dividends earned from debt investments. C) Investment income includes increases in the market value of debt or equity securities. D) The excess cash that can be invested could be the result of temporary or seasonal business fluctuations.
Managerial accounting focuses on internal decision making
Indicate whether the statement is true or false
1. How is return on equity computed? 2. If a company sells more shares of its stock, what is the impact on the return on equity? 3. Which ratio is considered a measure of investors' confidence in a company's future? Why?
A company utilized ________ when it asked consumers to indicate how they feel about panty hose
A) exploratory research B) causal research C) case study research D) ethnography E) descriptive research