A fair value hedge may be used for all of the following except:
a. a purchase order
b. inventory of corn.
c. long-term debt.
d. anticipated sales of aluminum.
d
Business
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From a financial perspective, businesses and pure charities are identica
a. true b. false
Business
An agent has a property listed for $90,000. An optionee pays $600 for a ninety (90) day option to buy the property at $90,000. Which of the following statements BEST describes the listing agent's commission in this transaction?
A. It is earned when the option is entered into. B. It is earned when the option is exercised. C. It is paid out of the option consideration. D. It is paid at the end of the ninety (90)day option period.
Business