A Trial Balance Has All of the Following Features Listed

question 57

Multiple Choice

A trial balance has all of the following features listed below except:

• A) a heading
• B) subtotals for assets, liabilities, and shareholders' equity
• C) totals for both debits and credits
• D) accounts listed in order, assets first, followed by liabilities and then shareholders' equity

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Definitions:

Term Structure

The relationship between interest rates or bond yields and different terms or maturities, often depicted in a curve.

Inflation

The pace at which prices for services and products in general ascend, resulting in a decrease in the value of money to buy goods.

Call Provision

A feature in a bond or other fixed-income security that allows the issuer to buy back the security before its maturity date.

Required Return

The minimum expected return by investors for taking on a certain level of risk in an investment.