The SEC, an agency that oversees publicly traded companies, was created in 1933 under the Securities Act of 1933

________ funds attempt to maintain a desirable balance of risk and growth potential based on a planned retirement date

A) Balanced B) Sector C) International D) Specialty E) Target-date

Any initial direct costs incurred by the lessor for a sales-type lease should be

A) expensed in the same period that the lease receivable is recognized. B) recorded as a prepaid asset and allocated to expense over the lease term. C) deferred and recognized as a reduction in the interest rate implicit in the lease. D) directly charged (debited) to Retained Earnings.