Which of the following statements is true for a stock that sells now for $70, pays an annual dividend of $5.00, and experienced a 25% return on investment over the past year?

Which of the following statements concerning reversing entries is true?

a. reversing entries are required by generally accepted accounting principles (GAAP) b. reversing entries are most often used with accrual-type adjustments c. reversing entries are dated december 31 d. reversing entries are recorded before adjusting entries

Which of the following is not one of the steps involved in the "formulating the problem" step in discriminant analysis?

A) convert the dependent variable into categories B) divide the sample into analysis and validation samples C) estimate the discriminant function coefficients D) repeatedly conduct the validation of the discriminant function