Beta is a more relevant measure of risk to an investor with a well-diversified portfolio than to an investor who holds only one stock
Indicate whether the statement is true or false
TRUE
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Herndon Corp purchased merchandise on account from Likert Corp on November 18, 2016 . On November 21, 2016, Herndon returned damaged merchandise to Likert and was granted an adjustment on its account. Herndon uses the periodic inventory system. What effect does the merchandise return have on Herndon's accounting equation?
a. Assets and liabilities decrease. b. Assets and stockholders' equity decrease. c. Liabilities and stockholders' equity decrease. d. Liabilities decrease and stockholders' equity increases.
If a person carelessly runs a car into yours, that person has committed the:
A. substantive tort of negligence. B. procedural tort of negligence. C. civil tort of negligence. D. criminal tort of negligence.
Which of the following costs would be least likely to appear on a responsibility accounting report for the supervisor of an assembly line in a large manufacturing situation?
a. Direct labor b. Indirect materials c. Selling expenses d. Repairs and maintenance
How does receiving a bill to be paid next month for services rendered affect the accounting equation?
A) assets decrease; owner's equity decreases B) assets increase; liabilities increase C) liabilities increase; owner's equity increases D) liabilities increase; owner's equity decreases