Even though the dollar value of the home market for Japanese companies is the third largest in the world, the market outside Japan is ________ of the world market potential for Japanese companies

Maggie and Simon each have a 50% interest in a partnership that started business October 1. Maggie uses a calendar year while Simon has a fiscal year ending November 30. Which of the following is true?

A. The partnership may use the calendar year. B. The partnership may use the fiscal year ending September 30 provided a Sec. 444 election and payment are made. C. The partnership may use the fiscal year ending September 30 provided a Sec. 444 election and payment are made, and the partnership may use the fiscal year ending November 30 as that results in the least deferral. D. The partnership may use the fiscal year ending November 30 as that results in the least deferral.

The cost of retained earnings is generally higher than both the cost of debt and cost of preferred stock

Indicate whether the statement is true or false