To say that stock prices follow a "random walk" is to argue that
A) stock prices rise, then fall.
B) stock prices rise, then fall in a predictable fashion.
C) stock prices tend to follow trends.
D) stock prices are, for all practical purposes, unpredictable.
D
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Get in Shape, a healthy living magazine, collected $528,000 in subscription revenue on May 31. Each subscriber will receive an issue of the magazine in each of the next 12 months, beginning with the June issue
The company uses the accrual method of accounting. What is the balance in the Unearned Revenue account as of December 31? A) $220,000 B) $308,000 C) $528,000 D) $396,000
Terry has 15 unsecured creditors and has decided to declare bankruptcy. On November 25, 2019 he pays in full his debt to one of the creditors (Acme Finance Company). One week later Terry files for bankruptcy. On behalf of the creditors the trustee makes a claim against Acme demanding that Acme turn over to the trustee the payment which was made to Terry. Is Acme obligated to do this?
A. No, as Terry filed for bankruptcy after the payment was made to Acme. B. No, as Acme is a priority creditor. C. Yes, as the payment to Acme was a preference D. Yes, as the payment to Acme was a fraudulent transfer