The first equity issue offered to the general public by a firm is a:
A) rights offer.
B) general cash offer.
C) restricted placement.
D) direct placement.
E) seasoned offering.
B) general cash offer.
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A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $12,670 b. $9,070 c. $8,420 d. $17,230
After all closing entries have been posted, which of the following accounts is most likely to have a nonzero balance?
a. Income Summary b. Wages Payable c. Interest Expense d. Service Revenue
Financial professionals who are overconfident fall victim to which fallacy?
A. fallacy of unrealistic optimism B. fallacy of omnipotence C. fallacy of invulnerability D. none of these
Which statement LEAST adequately describes a press release?
a. a report to the public b. a reportwritten in response to a crisis c. a report organized in inverted pyramid form d. a report released to one or more mass media organizations