Which Alternative Is Not Characteristic of an Internet Broker

question 100

Multiple Choice

Which alternative is not characteristic of an Internet broker?

• A)Easy account access for placing and monitoring orders
• B)Typically offers an excellent Web site
• C)Places restrictions on the number of trades you can make
• D)Has very low commissions

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Definitions:

Carrying Amount

The value at which an asset is recognized in the balance sheet after deducting accumulated depreciation and impairment losses.

Residual Value

The estimated value that an asset will realize upon its disposal at the end of its useful life.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life.