A disadvantage of the euro is that the development of a pan-European, euro-denominated capital market will decrease the range of investment options open to both individuals and institutions
Indicate whether the statement is true or false.
FALSE
An advantage of the euro is that the development of a pan-European, euro-denominated capital market will increase the range of investment options open to both individuals and institutions. This will enable European investors to better diversify their risk, which again lowers the cost of capital, and should also increase the efficiency with which capital resources are allocated.
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Sometimes a value is assigned to the shares in the articles of incorporation. This arbitrary amount is known as projected value.
Answer the following statement true (T) or false (F)
Which of the following assets must be reported at the lower-of-cost-or-market value?
A) Accounts Receivable B) Merchandise Inventory C) Prepaid Insurance D) Notes Receivable
______ variations are treated as outliers and are eliminated from consideration for forecasting purposes.
A. Cyclical B. Seasonal C. Irregular D. Regular
Factory overhead was applied to completed jobs at the rate of 40% of direct labor costs. At the end of the year, several jobs were still in process. The job cost ledger shows direct labor costs of $7,000 . The proper journal entry for this adjustment is as follows:
a. A complete adjustment cannot be made due to lack of sufficient information. b. Debit Factory Overhead $2,800, credit Work in Process Inventory $2,800. c. Debit Work in Process Inventory $4,200, credit Factory Overhead $4,200. d. Debit Factory Overhead $4,200, credit Work in Process Inventory $4,200. e. Debit Work in Process Inventory $2,800, credit Factory Overhead $2,800.