Socialization is the process by which people assimilate and develop the skills, knowledge, attitudes, and other "equipment" necessary to perform various social roles involving two-way interaction between the individual and the environment.

The condition that Haley cannot remember in his Statement #2 is that the:

A. cash flows in the portfolio must be dispersed around the horizon date. B. cash flows in the portfolio must be concentrated around the horizon date. C. distribution of durations of individual assets in the portfolio must have a wider range than the distribution of the liabilities.

Ace, Inc. had the following transactions during June:

Performed services for $5,000 on account; received cash on account, $7,000; paid $600 for repair expense; paid $2,000 to a supplier that it owed from the previous month What is the combined effect on Cash of the June transactions? A) $4,400 increase B) $4,400 decrease C) $7,000 increase D) $2,600 decrease