When the corporate bond market becomes more liquid, other things equal, the demand curve for corporate bonds shifts to the ________ and the demand curve for Treasury bonds shifts to the ________
A) right; right
B) right; left
C) left; left
D) left; right
B
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The corporate form of organization offers which of the following disadvantages?
a. limited liability of owners; b. transferable ownership units; c. ease of raising capital; d. unlimited life; e. government regulation
Which of the following is not a reason why an auditor obtains an understanding of internal controls?
a. Understanding the entity's internal control is a requirement of GAAS. b. The auditor must use the information to assess the risk of material misstatements arising from the lack of internal control. c. It is the primary basis for the audit report. d. It assists the auditor in designing the nature, timing and extent of further audit procedures.
A company purchases 800 shares of its $50 par value common stock at $55 per share. It then reissues 120 shares at $58 per share. The entry upon reissue of the stock is :
A) Cash 6,960 Treasury Stock-Common 6,600Paid-in Capital, Treasury Stock 360 B) Cash 6,960 Treasury Stock-Common 6,960 C) Cash 6,960 Paid-in Capital, Treasury Stock 6,96 D) Cash 6,960 Treasury Stock-Common 6,000Retained Earnings 960
Acme Global is seeking information on how to create a plan that will allow it to reach its goals. In doing so, Acme Global is trying to answer which of the following major strategic questions?
A. What is our present situation? B. Where do we want to go? C. How do we plan to get there? D. What should our mission be?