Answer:
The statement is: True.
Explanation:
When a firm purchases its own shares they become part of the company's treasury stock. This usually happens when the organization intends to sell those shares in the future. According to the General Accepted Accounting Principles (<em>GAAP</em>), the transactions between a firm and its owners are not considered as profit-making. Thus, when a company reissues the treasury stock shares no revenues or losses are recorded.
Answer:
2. If two investments have the same expected return, the investment with the greater risk is preferred.
Explanation:
The statement above is clearly incorrect. If two investment are expected to return the same amount of money to the investor, then, the investor will seek the investment that has a lower risk, because risk, as the meaning of the word implies, is a variable that may impede the realization of the return.
No rational economic agent or investor would choose the riskier investment in this situation.
Answer:E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.
Explanation: This action constituted a breach of the Civil Rights Act.
Answer:
A financial statement showing the revenue and expenses for a fiscal period. True
Explanation:
A financial statement showing the revenue and expenses for a fiscal period. <em><u>True because </u></em> income statement is a financial statement and shows the expenses and income ( revenue) during a fiscal period.
A fiscal period is the time period reflected in a financial statement. It is usually a quarter or an accounting period.
There are four main kinds of financial statements. Income statement is one of the financial statement which tells about the expenses and revenues
