Write the Word or Phrase That Best Completes Each Statement

question 80

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Gabe said "For years there has been no money in the Social Security trust fund, just a bunch
of IOUs". Kim said "That's impossible, if that were true, how come the government has
been able to pay out Social Security benefits all these years?" Who is making more sense?

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Definitions:

Stock Issuance Costs

Expenses directly incurred by a company when it issues new shares of stock, such as legal and underwriting fees.

Direct Combination Costs

Expenses directly associated with merging or acquiring another company, such as legal fees and consultancy charges.

Voting Common Stock

Shares in a corporation that grant the holder the right to vote on corporate matters, typically relating to the election of the board of directors.