When Selecting a Mutual Fund,since Past Performance Doesn't Necessarily Predict

question 53

True/False

When selecting a mutual fund,since past performance doesn't necessarily predict future results,you don't need to look at the fund's past performance.

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Definitions:

Depreciation Expense

An accounting method to allocate the cost of a tangible asset over its useful life.

Permanent Account

A ledger that remains open when an accounting cycle ends, with its balances being transferred to the following period.

Accounts Receivable

Money owed to a company by its customers for products or services provided on credit.

Withdrawals

Money or assets taken out of a business by its owner(s) for personal use, not considered business expenses.