The bond market is considered bearish when
A) market interest rates are low or falling.
B) market interest rates are high or rising.
C) the risk-free rate of return exceeds the required rate of return.
D) more bonds are called than issued over a given period of time.
Answer: B
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A company or brand with a strong brand community displays the following characteristics, except:
A) rich and long tradition B) a unique position in the marketplace C) a positive image D) a high market share
Other comprehensive bases of accounting do not include which of the following?
a. Cash basis. b. Tax basis. c. Regulatory basis. d. Intended basis.
Regardless of the product costing system used, when the products are completed, they are transferred from work in process inventory to finished goods inventory
Indicate whether the statement is true or false
Which of the following is not true regarding the lower-of-cost-or-market basis for inventory valuation?
a. It is a conservative accounting policy. b. It recognizes losses from decreases in market value before a sale occurs. c. It recognizes gains from increases in market value above original acquisition cost only when a sale occurs. d. It reports inventories on the balance sheet at amounts that are never greater, but may be less, than acquisition cost. e. It reports inventories on the balance sheet at amounts that are equal to the acquisition cost less a normal profit margin.