Answer:
The answer options are:
A. 90 days
B. 1 year
C. 4 years
D. 6 years
Explanation:
FINRA Rules prescribe that broker/dealers preserve for a period of not less than 6 years after the closing of any customer's account, any account cards or records which related to the terms and conditions with respect to the opening and maintenance of the account.
I would try Amazon or Ebay.
Is this a school question?
Answer:
Journal entries will be as follows;
Explanation:
1.The machine purchased is an asset so machinery a/c will be debited.
The cash used to purchase the machine is an outflow so it's credited on the cash a/c
2. Electricity wiring on the machine is part of the acquisition cost, hence we debit machinery account and the cash paid for that is credited on cash a/c
3. Cost of securing it in place is also an operating cost hence you debit machinery a/c and credit the cash used to pay for it in the cash a/c
<u>Journal entries</u>
1. Machinery account Dr 192,000
Cash account Cr 192,000
2.Machinery account Dr 8,000
Cash account Cr 8,000
3.Machinery account Dr 1,600
Cash account Cr 1,600
D is totally wrong. Both organizations issue bonds.
C is the best answer.
B is backwards. You want to get interest from an investment in bonds. You get a dividend from stocks.
A Bonds don't fluctuate much in value, depending on what kind they are. Bond holders don't usually like to see their bonds change value. If you want a change in value, buy stocks.
