One of the basic time series patterns is random
Indicate whether the statement is true or false
TRUE
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Stock prices reflect the expected future cash flow of the company
Indicate whether the statement is true or false.
Anne says, "I'll sell you my car for $2,500." Steve says, "I sure would like to buy it." We have an offer and acceptance:
a. and a valid contract b. but no valid contract until delivery time is established c. but no valid contract because the car is only worth $500, which is insufficient consideration d. but no valid contract because no witnesses exist e. none of the other choices; there is no acceptance
Cash Short or Over is an expense account when it has a debit balance.
Answer the following statement true (T) or false (F)
Jason owns a warehouse that is used in business. The FMV of the warehouse is $200,000 (basis $120,000), and the warehouse is subject to a mortgage of $40,000. Jason exchanges the warehouse for land valued at $150,000. The other party also pays him $10,000 cash and assumes the mortgage on the warehouse. Jason's basis in the land received will be
A) $120,000. B) $150,000. C) $180,000. D) $200,000.