A ____ Stock Possesses a High Probability of Low or Negative

question 41

Multiple Choice

A ____ stock possesses a high probability of low or negative rates of return and a low probability of normal or high rates of return.

• A) Growth
• B) Defensive
• C) Cyclical
• D) Speculative
• E) Value

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Definitions:

Special Journals

Accounting journals designed for recording a specific type of transaction in a detailed manner, such as sales or purchases.

General Journal

A bookkeeping journal where all types of financial transactions are initially recorded, before being transferred to specific accounts in the general ledger.

Closing Journal Entries

Entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.

Revenue Journal

An accounting ledger that records all transactions involving the income earned by the business, specifically from its operations and activities.