Government organizations typically require suppliers to submit bids, and normally they award the contract to the lowest bidder

Which of the following is empirical evidence indicating that the efficient market hypothesis may not always be generally applicable?

A) Small-firm effect B) January effect C) Market overreaction D) All of the above

Which of the following statements regarding a post-closing trial balance is false?

A) Post-closing trial balances only contain permanent accounts. B) Balances in a post-closing trial balance cannot be used to calculate current income. C) Post-closing trial balances only contain temporary accounts. D) A post-closing trial balance verifies that the total of the debit balances equals the total of the credit balances of all permanent accounts in the general ledger.