Which of the Following Classifications of Securities Had NO Negative

question 95

Multiple Choice

Which of the following classifications of securities had NO negative one-year returns over the period 1950-1999?

• A)Long-term government bonds
• B)Large-company stocks
• C)3-month U.S.Treasury bills
• D)Each of the classification of securities listed experienced at least one negative one-year return over the listed time period.

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Definitions:

Discount

The reduction from the full amount or value of something, often used as an incentive in sales.

Merchandise Inventory

Merchandise inventory is the total cost of all goods held by a company for the purpose of resale during a given period.

Schedule of Accounts Payable

A detailed listing of all the amounts a company owes to its suppliers or vendors, but has not yet paid.

Subsidiary Ledger

A detailed ledger that contains information for individual accounts, supporting the summary data in the general ledger.