Which of the following best describes the appropriation of retained earnings?
A) restricting part of retained earnings for expansion or contingencies
B) setting cash aside for expansion
C) designating certain amounts of retained earnings for cash dividends that are required to be paid to shareholders
D) limiting company transactions in order to boost earnings
A
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________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.
A) Damages B) Remedies C) Recession D) Compensation E) Avoidance
A bond's yield to maturity is above its coupon rate when
A) the bond's market price is above par value. B) the bond's market price is below par value. C) the bond is convertible and the stock has appreciated. D) interest rates are lower than the prime rate.