You own a(n) ________ certificate, which is a certificate that represents a portion of ownership in a pool of federally insured mortgages
A) interest
B) mortgage bond
C) collateral
D) pass-through
E) none of the above
Answer: D
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The completeness assertion refers to ensuring that transactions and events that should have been recorded actually have been recorded.
Answer the following statement true (T) or false (F)
The present value of an annuity is the present value of a series of equal cash flows that occur in the future
Indicate whether the statement is true or false
Which of the following statements is true about a journal entry?
a. The Post. Ref. column is filled in prior to posting. b. All debits are listed before any credits. c. The name of the month should be repeated for each entry. d. An explanation must follow each debit and each credit.
Assume the following sales data for a company: 2010 750,000 2009 500,000 What is the percentage increase in sales from 2009 to 2010?
A) 25% B) 66.7% C) 50% D) 150%