What is the internal rate of return (IRR) of an investment that requires an initial investment of $11,000 today and pays $15,400 in one year's time?

An aggregate deductible may be based on losses that occur during a calendar year.

a. true b. false

Financial statements typically include ________

A) accompanying footnotes, a balance sheet, and a cash-flow statement B) translations into the languages of every country where the company lists shares C) different currency results to reflect the different countries where the company has investments or generates revenues D) different reports detailing the differences in generally accepted accounting principles used by the company in different countries