With an IRA your investment choices include stocks, bonds, mutual funds, CDs and real estate
Indicate whether this statement is true or false.
Answer: TRUE
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The controller for Tires and More, Inc has recorded the following transactions during the month: the company was established by selling 10,000 shares of stock to the public for $20,000 on the 1st of the month; the company recorded $36,000 of revenue for tires and services provided during the month; and expenses of $22,000 were recorded for the month. Additionally, on the last day of the month the
company declared dividends of $2,000. What is the balance of Stockholders' Equity at the end of the month, and is the balance a debit or a credit? A) $32,000 debit. B) $32,000 credit. C) $18,000 credit. D) $36,000 debit.
Oh! Wow! Markets, Inc, rejects a shipment of turkey that does not conform to its contract with Poultry Processing Corporation, but is unable to obtain instructions from the seller. Oh! Wow! Marketscan A) destroy the goods
B) cure the goods to make them conform to the contract. C) retain the goods without paying for them. D) reship or store the goods for the seller.