Which of the Following Statements Is Correct

question 69

Multiple Choice

Which of the following statements is correct?

• A)Repayment of a bond on the first day of the fiscal year will increase the shareholders' return on equity.
• B)Conversion of a 10% bond with no short term maturity, into common shares on the first day of the year will improve the current ratio.
• C)The sale of 2,000 common shares for cash will worsen the shareholders' return on equity.
• D)The sale of $5,000 of inventory on credit for $6,000 will worsen the shareholders' return on equity.

Grasp the principles regarding the delivery location when it is not specified by the contract.

Understand the impact of education in achieving gender equality.

Recognize the social construction of biological knowledge.

Differentiate between sex and gender accurately.

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Definitions:

Amortization Expense

The systematic and gradual charge to expense of the cost of an intangible asset over its useful life.

Functional Currency

A redefined definition: The currency that a business uses for most of its transactions, reporting, and financial statements.

Capital Assets

Long-term tangible or intangible assets used in operations of a business that are not intended for sale in the regular course of business.

Exchange Rates

The rate at which one currency can be exchanged for another currency.