Which of the Following Statements Best Describes a Bull Market

question 59

Multiple Choice

Which of the following statements best describes a bull market?

• A) Bull markets are characterized by a period of optimism.
• B) Bull markets are characterized by government restraint.
• C) Bull markets never last more than 12 months.
• D) Bull markets never last longer than bear markets.

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Definitions:

Prepaid Insurance

An asset account that represents the amount of insurance premium payments made in advance for coverage extending beyond the current accounting period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Insurance Expense

The cost incurred by a company to insure its assets, operations, or liabilities over a certain period.

Accounts Payable

Liabilities or amounts owed by a business to its suppliers or vendors for goods and services received.