Refer to the information above. The total amount debited to the Inventory account during January was:

Which of the following accounts would not be included in a balance sheet of a governmental fund?

a. Cash b. Investments c. Equipment d. Salaries Payable e. Advance to Enterprise Fund

Strictly speaking, the price-earnings ratio assumes that firm value is the

a. future value of a constant stream of expected future earnings, discounted at a constant expected future risk-free rate. b. future value of a constant stream of expected future earnings, discounted at a constant expected future discount rate. c. present value of a constant stream of expected future earnings, discounted at a constant expected future risk-free rate. d. present value of a constant stream of expected future earnings, discounted at a constant expected future discount rate.