Cost of goods sold is:

A. An asset account.
B. A revenue account.
C. An expense account.
D. A permanent equity account

Ans: C. An expense account.

Business

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Mortgage-backed securities

A) have been growing in popularity in recent years as institutional investors look for attractive investment opportunities. B) are securities collateralized by a pool of mortgages. C) are securities collateralized by both insured and uninsured mortgages. D) are all of the above. E) are only A and B of the above.

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________ are tiny graphics files embedded in e-mail messages and in Web sites that transmit information about users and their movements to a Web server

Fill in the blank(s) with correct word

Business